HIGH IMPACT EXPLORATION & APPRAISAL AND CONVENTIONAL TEXAS PRODUCTION
Hickory-1 FLOW TEST Q1-24
Extensive Alaskan Acerage Position
Increasing Direct Production Exposure
NAMIBIAN FRONTIER EXPLORATION
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88 ENERGY CONTINUES TO DELIVER A PIPELINE OF HIGH-IMPACT OPPORTUNITIES IN HIGHLY PROSPECTIVE REGIONS
ALASKA EXPLORATION ACREAGE
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.