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Project Icewine, Alaska

  • Operator on majority of ~260,000  contiguous acres (~200,000 net) onshore Alaska in prolific oil-rich province with multiple objectives;
  • Large oil and condensate discoveries were confirmed in 1Q2020 by the Charlie-1 well, further appraisal is planned to be funded by farm-out;
  • ~78% Working Interest, 7-10 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.

Project Peregrine, Alaska

  • 100% owner of ~195,000 acres in NPR-A;
  • Recently acquired via off market takeover of XCD Energy Ltd;
  • Large prospects on trend to recently discovered fields;
  • US$10m farm-out completed post XCD acquisition;
  • Drilling to commence March 2021.

Yukon Leases, Alaska

  • Recent award of 15,312 acres (100% 88 Energy);
  • Contains historic oil discovery, located nearby to recently commissioned infrastructure;
  • Low cost, opportunistic acquisition;
  • 3D seismic acquired 2018: 90 million barrel resource identified.

Investor Presentation

Project Icewine and Peregrine Latest Presentation