88 Energy is an Alaska-focused oil exploration and appraisal company across ~440,000 net acres on the Alaskan Central North Slope and NPR-A regions, with a diversified portfolio of four highly prospective project areas: Project Icewine, Yukon Leases, Project Peregrine and the Umiat oil field. The company is the Operator across all of its portfolio of world class exploration and appraisal assets. 88 Energy’s drilling programs maintain adherence to the strict environmental regulations that exist in the State of Alaska. It’s drilling programs also provide significant job opportunities to local Alaskans.
88 Energy’s purpose is to build a successful exploration and production company that delivers material returns to its shareholders and contributes to stakeholders and development of the regions in which it operates in. 88 Energy has adopted the World Economic Forum Environment, Social, Governance (ESG) reporting framework to report against key sustainability metrics including governance, ethical behaviour, carbon emissions, water consumption, diversity and inclusion.
A Simple Strategy
IDENTIFY - Highly prospective, world class assets
- Of large scale, proximate to existing infrastructure
- Where 88 Energy can leverage existing expertise
ADD - Significant value to our assets
- Strategic drilling programs
- Negotiating strategic farm out agreements
- Proving up resources
REALISE - Value for our shareholders
- Identifying exit options
- Maximising transaction value