Company Overview
About Us
88 Energy is a multi-listed (ASX:88E,AIM:88E, OTC:EEENF) oil and gas exploration and production company with a North American focus.
88E has operator exploration and appraisal projects in onshore Alaska, non-operator exploration in onshore Namibia and non-operator production interests in onshore Texas. The Company has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.
Key Focus Areas: 2023
EXTENSIVE ALASKAN ACREAGE
Phoenix and Icewine West acreage positions hold a significant conventional prospective resource, independently assessed
Production Exposure Supports Wells
Texas production supports Alaskan acreage lease costs and technical studies towards exploration activities
Hickory-1 Exploration Well
High-impact well to spud in March 2023 targetting 647 MMBO
Our Mission
88 Energy’s mission is to build a successful exploration and production company that delivers material returns to its shareholders and contributes to stakeholders and development of the regions it operates in.
88 Energy possesses an enhanced and diversified portfolio of high-quality exploration acreage and production assets
- 88E holds a 100% working interest in Project Peregrine and Umiat oil field located in the NPRA. Both Projects are currently in suspension.
- Refer announcement released to ASX on 12 December 2024, regarding highest bidder of 4 additional leases covering ~10,203 net acres. Award expected in H1 2025.
88 ENERGY – ATTRACTIVE & BALANCED PORTFOLIO MIX
Pre-development, appraisal and exploration assets supported by stable cash flows
- Average gross BOE / day reported by Operator Lonestar I, LLC in Q1 2024. Work-program and projections as advised by Lonestar I, LLC – Operator of Project Longhorn and agreed by the Bighorn JV.
- Refer to slide 3 for updated reserves estimates in the 31 December 2023 Annual Report and cautionary statement .
- Please refer to the ASX release dated 31 July 2023 for full details with respect to the Prospective Resource estimate, associated risking and Cautionary Statement on page 3.
- Net Entitlement to 88E. Refer to the ASX release dated 10 November 2020 for full details with respect to the Prospective Resource estimate, associated risking and Cautionary Statement on page 3.
- Net entitlement to 88E associated with the Basin Floor Fan reservoir. Refer to the ASX release dated 6 November 2023 for full details.
- Pre-drilling net entitlement to 88E. Refer to the ASX release dated 23 August 2022 and also 6 November 2023 for full details with respect to the Prospective Resource estimate, associated risking and Cautionary Statement on page 3.
- Refer to the ASX release dated 31 October 2024.
- Refer to the ASX release dated 2nd and 15th April 2024 for full details.
- Refer to ASX release dated 29 October 2024 regarding Project Peregrine on1 December 2023 for a period of 12 months.
- Refer to Investor Presentation release dated 17 April 2024.
