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88 Energy has four projects in the North Slope of Alaska with a combined acreage of around 440,000 net acres

88 Energy Projects

Project Peregrine

  • ~195,973 acres, working interest 50%
  • Acquired Q2 2020
  • Farmed-out Q4 2020
  • Q1 2021 Merlin-1 well drilled
  • Net Mean prospective resources 1.6 BBOE*

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Project Icewine

  • ~193,000 net acreage, working interest ~75%
  • Acquired 2D and 3D seismic
  • Drilled 2 unconventional wells
  • Drilled Charlie-1 conventional well – condensate discovery
  • Mean prospective reserves 1.77 BBOE*
  • Potential for Talitha-1 target extension onto Icewine East

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Project Yukon

  • ~38,681 acres, working interest 100%
  • Prospective resources 90MMBO*
  • Advanced discussion with nearby owners to unlock acreage potential
  • Expanded lease holding with acquisition of Tract 29 acreage

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Umiat Oil Field

  • ~17,633, working interest 100%
  • Acquired Q1 2021
  • 2P reserves 94 MMBO**
  • Strategic acquisition
  • Historic oil discovery in 1945
  • 60+ wells drilled
  • Potential for development being assessed

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88 Energy has a combined portfolio with 3.4 billion BOE* prospective resource and 2P reserves of 94 million barrels of oil**

* Net mean prospective resource
** Net Reserves to 88E Revenue Entitlement