88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (November 2015)
15 slides from 88 Energy's investor presentation, Nov 20, 2015
Slide 1: Project Icewine Acreage Acquisition Strategy and Funding Update
For personal use only PROJECT ICEWINE ACREAGE ACQUISITION STRATEGY AND FUNDING UPDATE NOVEMBER 2015
Slide 2: Project Icewine, Onshore Alaska: Increased Acreage Position – Drilling Now
Project Icewine, Onshore Alaska Increased Acreage Position – Drilling Now For personal use only Accumulate / Burgundy JV – Project Icewine (88E: 78%) • ~174,000 additional acres secured in Nov ‘15 bid round • Accumulate 78% WI across 272,422 gross acres • Footprint close to tripled • Icewine #1 expl
Slide 3: Company Snapshot
Company Snapshot For personal use only 88 Energy Limited (ASX, AIM 88E) Current Post CR1 Board and Management Shares on Issue 2,339m 2,839m Michael Evans Non-Executive Chairman Options on Issue 567m 567m David Wall Managing Director Market Capitalisation @ A$0.012) A$28.1m A$34.1m Brent Villemarette
Slide 4: Acreage Acquisition Strategy
Project Icewine Acreage Acquisition Strategy For personal use only DOUBLE DOWN STRATEGY* • Further research has increased confidence to expand acreage • 98,182 acres to 272,422 acres (212,489 net) – an increase of 174,240 acres# # Subject to formal award and payment of remaining 80% bid amount (US$5
Slide 5: Funding Strategy – Why Invest?
Project Icewine Funding Strategy – Why Invest? Capital Raising: Up to A$5m (A$3m placement + A$2m Share Purchase Plan) For personal use only • Capital raising to support acreage acquisition strategy and put 88 Energy in the “box seat” – significantly oversubscribed • Use of proceeds include; deposit
Slide 6: High Impact Drilling on Expanded Acreage
Project Icewine, Onshore Alaska High Impact Drilling on Expanded Acreage For personal use only • Icewine #1 well spud October 22, 2015 - targeting potential multi billion barrel potential shale oil prize • 174,240 acres secured as high bidder in November 2015 lease sale increases project size to 272
Slide 7: Project Icewine Highlights
Project Icewine Highlights For personal use only PREMIER ACREAGE POSITION IN STRATEGIC LOCATION Strategic, Tier-1 location – 272,422 gross acres (212,489 acres net to 88E) • Prolific oil region: 35 miles south of largest conventional oilfield in North America (Prudhoe Bay 15B barrels) • Operational
Slide 8: Icewine #1 Value Unlock Equation
Icewine #1 Value Unlock Equation Goal and Opportunity For personal use only • The Icewine#1 exploration well is designed to better quantify risk so that a farm-out can be achieved in 2016 => potential to generate over a billion dollars in value for investors • Highly leveraged opportunity due to low
Slide 9: Icewine #1 Operations
Icewine #1 Operations Icewine #1 Objectives: For personal use only ICEWINE #1 - PROGNOSIS • De-risk HRZ shale oil play by cutting core Operator: Accumulate Energy • First insight into conventional reservoir play (Elevation 356 feet above mean sea level) TOPS MD TVD potential - Brookian & Kuparuk san
Slide 10: HRZ Liquids Rich Play: Post Drill Formation Evaluation
HRZ Liquids Rich Play Post Drill Formation Evaluation For personal use only • Whole core evaluation pivotal to understanding ICEWINE #1: POST DRILL HRZ EVALUATION HRZ shale oil play 2015 2016 • Methodology requires multi-disciplinary Q4 1Q 2Q analysis and data integration including: o Geochemistry,
Slide 11: Corporate Timeline / Upcoming Catalysts
Corporate Timeline / Upcoming Catalysts For personal use only Project Generation to Fully High Impact Exploration Program Funded Drilling in just 12mths Commenced Funding for drilling 3D seismic processing/ with $12m placement Commence Icewine Completed interpretation – mature 3D seismic shoot place
Slide 12: HRZ Within Striking Distance
HRZ WITHIN STRIKING DISTANCE For personal use only
Slide 13: Contacts
Contacts For personal use only Managing Director: Brokers: David Wall Australia dwall@88energy.com Hartleys Ltd As Corporate Advisor: Mr Dale Bryan + 61 8 9268 2829 Registered Office: Level 1, 83 Havelock St, West Perth United Kingdom WA 6005 Cenkos Securities Plc As Nominated Adviser and Broker: Mr
Slide 14: Disclaimer
Disclaimer For personal use only The information contained in these slides has been prepared by 88 Energy Limited (the “Company”). The information contained in these slides, the presentation made to you verbally and any other information provided to you (in writing or otherwise) in connection with t
Slide 15: Disclaimer (cont.)
Disclaimer (cont.) For personal use only Any failure to comply with this restriction may constitute a violation of securities laws. No action has been or will be taken by the Company that would permit a public offer of its securities in any jurisdiction in which action for that purpose is required.