DIVERSIFIED WORLD CLASS ASSETS
88 Energy has over 440,000 net acres on the Alaskan Central North Slope and NPR-A regions and 1,300 net acres in the Permian Basin in Texas.
The Company’s highly prospective project areas consists of Project Peregrine, Umiat oil field, Project Icewine, and Yukon Leases in Alaska and recently acquired Project Longhorn, oil gas production assets in Texas, USA.
We have a diverse portfolio with oil exploration on the Alaskan Central North Slope and Permian Basin in Texas, United States of America.
World class portfolio of Alaskan acreage
Combined portfolio with 3.4 billion BOE* 2 prospective resource and 2P reserves of 94 million barrels of oil1
Merlin-2 appraisal well to spud Q1 2022
Follow up to the successful Merlin-1 exploration well in Q1 2021 the Merlin-2 appraisal well targeting 652 million barrels of oil* 2
Proven Operator with a track record of delivery
Five wells drilled on the North Slope since 2016, all operated by 88 Energy
Strong board and management team
Technically and commercially strong team with extensive international oil and gas experience and networks
1. Net Reserves to 88 Energy entitlement
2. Mean unrisked prospective resource – Net Entitlement to 88 Energy
*Cautionary Statement: The estimated quantities of petroleum that may be potentially recovered by the application of a future development project relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially movable hydrocarbons.