"Drilling rig mobilises for Red Emperor and 88 Energy-owned Winx...

"Drilling rig mobilises for Red Emperor and 88 Energy-owned Winx exploration well (RMP, 88E)by ValueTheMarkets • February 6, 2019"

"The drilling and testing of Winx-1 are expected to take around 50 days in a success case scenario. Winx is a 3D seismic defined, conventional oil prospect located in Alaska’s successful Nanushuk play fariway. According to Red Emperor, Nanushuk is one of the largest conventional oil fields discovered in the US in more than 30 years.

Winx contains a gross mean unrisked prospective resources of 400MMbbls and is adjacent to the Horseshoe 1/1A discovery well drilled by an Armstrong/Repsol JV in 2017. Of this resource, 126MMbbls will be net to Red Emperor, and 144MMbls will be net to 88 Energy.

The first stage, however, will be ensuring this oil can, in fact, be taken out of the ground. The prospect has a geological chance of success of 25pc-35pc"


Interesting read. There are a heap of variables.  

GL to all SH's and DYOR