88E RMP PANR – Permit to Drill Approved

The Permit to Drill for the Winx-1 exploration well was approved by the Alaska Oil and Gas Conservation Commission on the 16th January (AK time).  This is the final major permit required for commencement of drilling.

Construction of the ~11 mile ice road to the Winx-1 exploration well location is proceeding as planned. Once complete, the ice pad will be constructed, and the rig will be mobilised for drilling. Rig mobilisation is expected to commence in early February.