Projects Overview
HIGH IMPACT EXPLORATION & APPRAISAL AND CONVENTIONAL TEXAS PRODUCTION
SUCCESSFUL HICKORY-1 FLOW TEST CONFIRMS SIGNIFICANT NEW RESOURCE
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
NAMIBIA
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
Existing road systems and proximity to the Trans-Alaska Pipeline System.
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.
Pricing Premium
Alaska North Slope Crude trading at premiums to WTI.
UNDER EXPLORED
Compared to most basins, Alaska is relatively underexplored, with ~500 exploration wells on the North Slope.
