88 Energy announced a light oil discovery at the Upper SFS reservoir in the Hickory-1 well, part of Project Phoenix in Alaska.

Flow testing confirmed the quality and deliverability of the USFS zone, with a peak gauge flow rate of over 70 barrels of oil per day achieved from a small, 20ft vertical interval through low volume fracturing.

Alongside light oil, the flow test produced marketable natural gas liquids and associated gas, mirroring results from adjacent acreage.