Projects Overview

North Slope, Alaska

Major discoveries and 88 Energy acreage map

Note:

  1. Independent estimate (Conventional)
  2. Armstrong, 2016
  3. Conoco, 2018
  4. Mean unrisked resource – Net Entitlement to 88 Energy

5. Please refer to cautionary statements
BBO: Billion barrels of oil
MMBBL: Million barrels of oil
* Approximate planned Merlin-2 appraisal well location

Quality Assets IN A WORLD CLASS LOCATION

88 Energy has four projects in the North Slope of Alaska with a combined acreage of around 440,000 net acres. We have a well-established, prolific oil province with an attractive fiscal regime.

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.

A QUALITY PORTFOLIO

Within the North Slope, Alaska.

Project PEREGRINE

Operator with 100% working interest and ~195K acres

Umiat oil field

Operator with 100% working interest and ~18K acres

Project ICEWINE

Operator with ~75% working interest and ~193K net acres

YUKON LEASES

Operator with 100% working interest and ~39K net acres

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

SIGNIFICANT ACTIVITY ACROSS THE ASSET LIFECYCLE

Delivering through the phases

Note:
  1. Unrisked Net Entitlement to 88 Energy Prospective Resources
  2. Net reserves to 88 Energy entitlement
  3. Please refer to cautionary statements

Latest Announcements

Keep UPDATED

Get regular updates from 88 Energy Ltd

Contact Details

Ground Floor, 516 Hay Street
Subiaco WA 6008
AUSTRALIA

Tel: +61 (0)8 9485 0990
Fax: +61 (0)8 9321 8990

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