http://www.petroleumnews.com/pnads/351279072.shtml "In a new...

http://www.petroleumnews.com/pnads/351279072.shtml

"In a new initiative to leverage this same play, Great Bear is planning the Winx No. 1 well, targeting a Nanushuk prospect in a block of four leases to the east of the Horseshoe wells, where Armstrong Energy found oil in the Nanushuk in 2017. Three Australian companies - 88 Energy Ltd., Otto Energy Ltd. and Red Emperor Ltd. - have acquired a collective 90 percent interest in the leases from Great Bear. 88 Energy has said that its wholly owned subsidiary Captivate Energy Alaska has contracted the Nordic-Calista Services rig 3 to drill the Winx prospect.
The project is expected to require 11 miles of ice and snow roads and the construction of an ice pad.

Apparently Otto Energy used seismic data acquired from the Alaska Department of Natural Resources to identify the prospect at a depth of about 5,000 feet in the Nanushuk, and has said that the prospect has a mean estimated gross resource of 400 million barrels of oil, with a chance of success in the range of 25 to 30 percent".

Happy Sunday all