Nuiqsut, home of the Kuukpik Corporation, is located approximately eight miles from the Alpine oil field on the North Slope of Alaska.The corporation has significant land holdings in and around the Greater Colville River Delta and the National Petroleum Reserve - Alaska.

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Kuukpik Rig 5 will be utilised for the upcoming Icewine #1 exploration well, which is on schedule for spud in October 2015.

The rig is a winterized rig with a telescopic mast rated for 400,000 pounds that is well suited for the drilling of Icewine #1."With the spud date for Icewine #1 fast approaching, it is great to have finalised a rig contract with Kuukpik. The last of the permits required are also falling into place such that spud of the well remains on track for mid October.

The same crew on the Kuukpik rig have been drilling wells on the Slope in a safe and efficient manner for over a decade.

It is our goal to make sure that every employee makes it home to their families while enjoying a prosperous relationship with our operators.

Kuukpik Drilling brings substantial North Slope and Cook Inlet experience dating back to the early 1970's and four campaigns of work from 2005-2009 on the Big Island of Hawaii with a proven record of successful partnerships with multiple operators.

Kuukpik Corporation is an Alaska Native Village Corporation established in 1973 under the provisions of the Alaska Native Claims Settlement Act.Kuukpik's business interests and activities consist primarily of oil and gas support services including drilling, catering, security, ice road and civil construction, infrastructure maintenance, seismic acquisition and engineering services.This experience, combined with that of Erik's team on the ground in Alaska, is a significant bonus for 88E and its shareholders.With Icewine #1 located on a gravel pad adjacent to the Dalton Highway it is a short, 39 mile, mobilisation for the Kuukpik rig from Deadhorse (Prudhoe Bay) and logistically simpler than most of the wells drilled in recent times by both Erik's and Kuukpik's teams.We anticipate making an announcement upon rig mobilisation in the near future."Kuukpik Drilling operates with an unyielding commitment to the personal safety of each employee and the safety of the environment.Our goal is to nurture a zero incident culture and achieve zero incidents. Kuukpik Drilling has operated on the North Slope of Alaska, Cook Inlet, and Hawaii with a commitment to the safety of our employees and the environment.