Oil Search who paid mega $$ for their blocks of land have started construction of their Ice Road / Pads in the Pikka Unit.
This is the opening paragraph of their ann (below) released yesterday 20-Dec & then their highlights are below.
The 2018/2019 two-well, two-rig appraisal drilling programme commenced in November with the start of ice road construction. The weather conditions on the North Slope have been favourable and, as a result, the ice road preparation is currently slightly ahead of schedule. The Pikka B well is expected to commence drilling in early January 2019 and Pikka C in mid-late January, with the rigs scheduled to be demobilised in April 2019, at the end of the Alaskan exploration drilling season.
RMP Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
