Tag Archive for RMP

Winx-1 failure sends oil and gas juniors sliding (88E, RMP, PANR)

Shares in oil and gas juniors associated with the Winx-1 exploration well in Alaska collapsed on Wednesday following the news that the site has been plugged and abandoned. Early indications for the well had been promising, with operator 88 Energy (LSE:88E) announcing this month that all pre-drill targets had been successfully intersected with multiple ‘potential’…

88 Energy, Red Emperor Resources, and Pantheon Resources dive on disappointment at Winx-1 (88E, RMP, PANR)

The share prices of Red Emperor Resources (LSE:RMP), 88 Energy (LSE:88E), and Pantheon Resources (LSE:PANR) all fell sharply on Friday after the companies released an update on the Winx-1 exploration well. Although there were some oil shows within the Nanushuk Formation, preliminary observations suggest they are at the ‘lower end of the range required for…

Drilling rig mobilises for Red Emperor and 88 Energy-owned Winx exploration well (RMP, 88E)

Both Red Emperor Resources (LSE:RMP) and 88 Energy (88E) were trading down on Tuesday despite making significant drilling preparation progress at their shared prospect on the North Slope of Alaska. Red Emperor and 88 Energy owns 31.5pc and 36pc positions respectively in the Western Block, where they are preparing to drill the Winx-1 exploration well.…