PORTFOLIO OF WORLD CLASS ASSETS ON THE NORTH SLOPE OF ALASKA
88 Energy has over 440,000 net acres on the Alaskan Central North Slope and NPR-A regions, with a diversified portfolio of four highly prospective project areas: Project Icewine, Yukon Leases and Project Peregrine and the Umiat oil field. The company is the Operator across all of its portfolio of world class exploration and appraisal assets.
The Company completed the drilling of the Merlin-1 well at Project Peregrine in Q1 2021, with post well evaluation successfully demonstrating the presence of light oil in the N20, N19 and N18 targets. The Company is now eagerly awaiting the drilling of the upcoming Merlin-2 appraisal well in Q1 2022.
We have a diverse portfolio with oil exploration on the Alaskan Central North Slope. Project Icewine, Yukon Leases and Project Peregrine and the Umiat oil field.