88 Energy Limited · ASX:88E
88 Energy — NAPE Summit 2026
14 slides from 88 Energy's conference presentation, Feb 19, 2026
Slide 1: South Prudhoe, North Slope, Alaska: Walking with the Super-Giants
For personal use only SOUTH PRUDHOE NORTH SLOPE, ALASKA WALKING WITH THE SUPER-GIANTS NEAR FIELD EXPLORATION /APPRAISAL OPPORTUNITIES NAPE Presentation February 2026 ASX: 88E | AIM: 88E | OTC: EEENF
Slide 2: Disclaimer
DISCLAIMER This presentation (Presentation) has been prepared 88 Energy Limited (the Company or 88 Energy) for information will be realized. purposes only. By reading this presentation, you agree to be bound by the following limitations. These statements are subject to certain risks and uncertaintie
Slide 3: Resources and Reserves Estimates and Disclosures
RESOURCES AND RESERVES ESTIMATES AND DISCLOSURES SOUTH PRUDHOE: PROSPECTS TOTAL UNRISKED PROSPECTIVE OIL & NGLS RESOURCES (MMBBLS)1,2,3,4 PROJECT PHOENIX GROSS (100%) CONTINGENT RESOURCES 9 Probabilistic Method Estimation Hub Reservoir Low (1U) Best (2U) High (3U) MEAN GCOS Reservoir Auditor Low (1C
Slide 4: Alaskan North Slope Specialists
88 ENERGY ALASKAN NORTH SLOPE SPECIALISTS For personal use only INFRASTRUCTURE DELIVERING NEW TIGHT CAPITAL LED EXPLORATION DISCOVERIES MANAGEMENT TARGETING, DE-RISKED WHERE STACKED VIA STRATEGIC FARMOUTS RESERVOIRS IN PROVEN RESERVOIRS ARE PRESENT TO BOTH SHARE THE FUNDING PETROLEUM SYSTEMS, AND MO
Slide 5: Consolidated South Prudhoe Lease Area Provides a Low Capex Opportunity
88 ENERGY CONSOLIDATED SOUTH PRUDHOE LEASE AREA PROVIDES A LOW CAPEX OPPORTUNITY STRATEGIC, INFRASTRUCTURE Pump Station 1 ADVANTAGED ACREAGE DEADHORSE For personal use only EXCITING NEW SOUTH PRUDHOE ACREAGE PROVEN IVISHAK AND KUPARUK RESERVOIRS | LOW-RISK, HIGH POTENTIAL PROSPECTS IDENTIFIED FARMOU
Slide 6: Strategic Farm-In Opportunity
SOUTH PRUDHOE CONOCOPHILLIPS KUPARUK RIVER UNIT HILCORP, EXXONMOBIL, CONOCOPHILLIPS PRUDHOE BAY UNIT NORTH SLOPE, ALASKA > 2.5 billion barrels produced > 13 billion barrels produced SPECIALISTS For personal use only STRATEGIC FARM-IN OPPORTUNITY TARGETING PROVEN RESERVOIRS ON THE UNDER- DEADHORSE EX
Slide 7: Overview of the Opportunity
Lease / Project boundaries SOUTH PRUDHOE Key regional wells Trans Alaska Pipeline System CONOCOPHILLIPS HILCORP, EXXONMOBIL, Dalton Highway KUPARUK RIVER UNIT CONOCOPHILLIPS PRUDHOE BAY UNIT OVERVIEW OF THE Production infrastructure network > 2.5 billion barrels produced > 13 billion barrels produce
Slide 8: Two Under Explored Focus Areas
SOUTH PRUDHOE TWO UNDER EXPLORED FOCUS AREAS A HEMI SPRINGS ST-1 DISCOVERY1 E • Drilled by Arco Alaska Inc, spud in 1984 (on 88E lease) For personal use only • Kuparuk Formation and Ivishak Formation pay D • Discovery well, oil flowed in both zones B Pump Station 1 B ROCK FLOUR-11 STORMS 3D Deadhors
Slide 9: Augusta to Unlock Development Potential
AUGUSTA TO UNLOCK DEVELOPMENT POTENTIAL Augusta prospect in the North-West Hub lies adjacent to discovered resources within lease MULTI-MILLION-BARREL PROSPECT NEW SIGNIFICANT IVISHAK PROSPECT KUPARUK LEVEL INTERVALS IDENTIFIED Hemi Springs State 1 West Sak AUGUSTA For personal use only Prudhoe Bay
Slide 10: South-East Hub: Kuparuk, Canning and Schrader Bluff Reservoir Upside
SOUTH PRUDHOE SOUTH-EAST HUB KUPARUK, CANNING AND SCHRADER BLUFF RESERVOIR UPSIDE HEMI SPRINGS STATE-1 DISCOVERY MULTI-ZONE POTENTIAL ENHANCED BY IVISHAK For personal use only HEMI SPRINGS 3 O sand Cooper Canyon LSB/Canning AvO anomaly LSB sand1 TWT MSB MCU Kuparuk sands Poil Psand + Angle Stack - C
Slide 11: Development Driven Exploration
SOUTH PRUDHOE DEVELOPMENT DRIVEN EXPLORATION For personal use only DUAL HUB DEVELOPMENT STRATEGY CONCEPTUAL TIE- • North-West Hub | Augusta + nearby prospects: Tie-backs to Prudhoe Bay IN TO TAPS FROM and Kuparuk River infrastructure SOUTH-EAST HUB • South-East Hub | Spurr + adjacent prospects: Tie-
Slide 12: Farm-In Opportunity
SOUTH PRUDHOE FARM-IN OPPORTUNITY ALONGSIDE GIANTS UNLOCKING LOW-RISK BARRELS NEAR-TERM EXPLORATION DRILLING CLEAR PROJECT SCHEDULE – INVESTMENT FOR EXPLORATION DRILLING Multi-million-barrel oil opportunity – Q1 2027 spud SEISMIC-DEFINED PROSPECTS For personal use only 3D seismic defined prospects o
Slide 13: Contact
CONTACT 88 ENERGY For personal use only MANAGING DIRECTOR Ashley Gilbert NAPE Summit Booth: No. 2028 SHARE REGISTRY ASX | Computershare TGS Investor Services Pty Ltd EXPLORATION MANAGER ASX: 88E Ric Jason AIM | Computershare Investor Services Pty Ltd REGISTERED OFFICE AIM: 88E Ground Floor, 516 Hay
Slide 14: Appendix A: References
APPENDIX A References Slide 5 1. Refer to ASX announcement dated 18 September 2024 and page 2 cautionary statement. For personal use only Slide 6 1. Refer to ASX announcement dated 19 February 2026 for specific prospective resource estimates relating to the Ivishak and Kuparuk reservoirs for the Aug