In a quarterly report issued 21 July 2020, 88 Energy stated it was continuing discussions with nearby lease owners to monetize existing discovered resources in the vicinity of the company's Yukon leases on the North Slope of Alaska.Â  88 Energy holds 100% working interest in leases covering 15,235 ac (62 sq km) west of the Arctic National Wildlife Refuge (ANWR).  The leases contain the Cascade prospect, a Brookian turbidite fan play estimated to hold 86 MMbo of net mean prospective resources. The prospect is interpreted to have been intersected in a downdip location by well Yukon Gold 1 well which was drilled by BP in 1993 and encountered two oil saturated sands in the Canning formation. There is a recent (2018) 3D seismic survey over the prospect. A discovery at Cascade could be tied back to infrastructure at the nearby Point Thompson field.  Permitting activities are continuing while 88 Energy seeks a partner for a possible future drilling campaign.
(Alaska - North Slope b.), 88 Energy stated it was continuing discussions with nearby lease owners to monetize existing discovered resources in the vicinity of the company's Yukon leases on the North Slope of Alaska. 88 Energy holds 100% working interest in leases covering 15,235 ac (62 sq km) west of the Arctic National Wildlife Refuge (ANWR). The leases contain the Cascade prospect, a Brookian turbidite fan play estimated to hold 86 MMbo of net mean prospective resources. The prospect is interpreted to have been intersected in a downdip location by well Yukon Gold 1 well which was drilled by BP in 1993 and encountered two oil saturated sands in the Canning formation.