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Project Icewine, Alaska

  • Operator on majority of ~475,000 contiguous acres onshore Alaska in prolific oil-rich province with multiple objectives;
  • ~ 301,000 acres net to 88 Energy;
  • 63.4% Working Interest, 10 year leasehold, 16.5% royalty and strategically located in the heart of the play and close to infrastructure;
  • Unconventional primary objective in shale complex that sourced the 13 BN barrel Prudhoe Bay Oil Field – opportunity identified by first mover in the Eagle Ford;
  • Shallow secondary conventional objective is the hottest play on the North Slope with 88 Energy acreage offset by multiple recent discoveries;
  • Excellent fiscal terms with cash rebates on historical exploration expenditure.

Yukon Gold, Alaska (subject to formal award)

  • Recent high bidder on additional 15,520 acres (100% 88 Energy);
  • Contains historic oil discovery, located nearby to recently commissioned infrastructure;
  • Low cost, opportunistic acquisition;
  • Internal assessment underway;

Investor Presentation

Project Icewine Latest Presentation

Project Icewine Overview Animation