88 Energy (ASX:88E) soars on hydrocarbon potential at Merlin-1 – The Market Herald

• 88 Energy (88E) shares have soared after discovering potential hydrocarbon-bearing zones while drilling at its Merlin-1 well, located at Project Peregrine in Northern Alaska
• Drilling data has encountered the Nanushuk Formation around 600 feet low to prognosis and is interpreted to be around 500 feet thicker than that encountered in the Willow Oil Field, Analogue Wells, to the north of the project
• The gamma log indicates more sand packages than those in the Analogue Wells, which are also generally…

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