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Project Icewine, Alaska

  • Operator on majority of ~528,000 contiguous acres onshore Alaska in prolific oil-rich province with multiple objectives;
  • ~ 349,000 acres net to 88 Energy;
  • 66% Working Interest, 10 year leasehold, 16.5% royalty and strategically located in the heart of the play and close to infrastructure;
  • Unconventional objective in shale complex that sourced the 13 BN barrel Prudhoe Bay Oil Field – opportunity identified by first mover in the Eagle Ford;
  • 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

  • Recent award of 14,194 acres (100% 88 Energy);
  • Contains historic oil discovery, located nearby to recently commissioned infrastructure;
  • Low cost, opportunistic acquisition;
  • 3D seismic acquired 2018: internal assessment underway;

Western Blocks, Alaska

  • 88 Energy earning 36% by paying 40% of costs for a commitment well on a 400MMbbl prospect;
  • Near term drilling 1Q2019, 88E acting as Drilling Manager;
  • Adjacent to recent Nanushuk Play discovery, Horseshoe#1 and #1A;

Investor Presentation

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