HIGH IMPACT ALASKAN EXPLORATION & CONVENTIONAL TEXAS PRODUCTION
Hickory-1 Exploration well
Extensive Alaskan Acerage Position
Increasing Direct Production Exposure
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EXTENSIVE ALASKAN EXPLORATION ACREAGE PROVIDES HIGH IMPACT OPPORTUNITIES FOR SHAREHOLDERS
ALASKA EXPLORATION ACREAGE
*New Acreage: Project Leonis acreage remains subject to adjudication process, regulatory approvals and formal award which is expected in 2H 2023. Refer to ASX announcement 10 November 2022.
Prolific Oil ProvInce
North Slope contains some of the largest oil fields in the U.S. Prudhoe Bay is the largest onshore oilfield in North America.
ACCESS to INFRASTRUCTURE
Attractive fiscal Regime
Relatively low royalty rates and attractive incentives for new oil production.
A supportive state
The energy industry is an important source of revenue and employment for Alaska.
Alaska North Slope Crude trading at premiums to WTI.
Compared to most basins, Alaska is relatively underexplored, with ~500 exploration wells on the North Slope.