- Project Peregrine acreage was acquired by 88 Energy via an off market takeover of XCD Energy Ltd in August 2020
- Project area encompasses 195,373 acres of which a number of untested topset play opportunities exist
- Multiple, independent, drilling locations exist, the first of which (Merlin-1) was completed in Q1 2021
- The Project Peregrine Nanushuk sequences continue North where they are the target of Conoco Phillip’s Harpoon and Willow drilling programs, the latter of which contains 750-800mmbo recoverable**.
* Please refer to the ASX release dated 23 February 2021 for full details with respect to the Prospective Resource estimate, associated risking and applicable Cautionary Statement.
** Conoco 2018