We have the luck of the Horseshoe!!Major oil resources have been...

We have the luck of the Horseshoe!!

Major oil resources have been found in the Nanushuk formation.

The drilling location is about 4 miles east of the Horseshoe 1/1A discovery well, drilled in 2017 by Armstrong and partners, and close to the Pikka/Horseshoe trend in which major oil resources have been found in the Nanushuk formation.The Nanushuk has been the primary focus of recent significant oil discoveries on the North Slope. 88 Energy said that a prospect in the Nanushuk is the primary target for the Winx well, but that there are multiple, stacked drilling objectives, identified by using 3-D seismic data acquired from the Alaska Department of Natural Resources. They estimate a gross oil resource of around 400 million barrels across the multiple plays that the well is testing.