88 Energy Limited · ASX:88E
88 Energy — Shareholder Meeting (May 2023)
18 slides from 88 Energy's shareholder meeting presentation, May 11, 2023
Slide 1: Annual General Meeting 11 May 2023
For personal use only AnnUAL GENERAL MEETING 11 MAY 2023
Slide 2: Disclaimer
disclaimer This presentation (“Presentation”) has been prepared 88 Energy Limited (the “Company” or “88 Energy”) solely for informational meetings relating to it and is being delivered for information purposes only to a limited number of persons. By attending the meeting where this Presentation is m
Slide 3: Alaska - Resources and reserves estimates & Disclosures
Alaska - Resources and reserves estimates & Disclosures Phoenix Umiat Oil Field 1. Pre-drilling net entitlement to 88E. Refer to the ASX release dated 23 August 2022 for full details with respect 3. Refer to ASX Announcement on 11 January 2021 for further detail in relation to pricing assumptions an
Slide 4: Project Phoenix
PROJECT PHOENIX High impact Alaskan ALASKA Hickory-1 exploration well flow test planned for For personal use only 2023/2024 winter season. exploration Pre-drill unrisked net mean prospective oil resources. 647 MMBO1 SUPPORTED BY conventional U.S.A. TEXAN production Texas Texan Permian Basin assets 1
Slide 5: A Premium Exploration & Development Exposure
88 ENERGY | A PREMIUM Exploration & Development EXPOSURE High impact Alaskan exploration supported by conventional Texan production assets For personal use only TAPS High impact ALASKAN INFRASTRUCTURE-LED MODERN HIGH QUALITY 2d acreage position EXPLORATION and 3D seismic ANALYSIS Contiguous TO MULTI
Slide 6: Corporate Snapshot
Corporate SNAPSHOT ASX:88E | AIM:88E | OTC:EEENF CAPITAL STRUCTURE PLANNED ACTIVITY Q2 2023 Share price1 A$0.008 Project Phoenix: For personal use only Detailed evaluation of all data obtained from the Hickory-1 exploration well Shares on issue2 20,108M Preliminary planning, permitting and des
Slide 7: Extensive Alaskan Acreage Position
Extensive ALASKAN ACREAGE POSITION Premium quality oil exploration assets Project Phoenix For personal use only Operator, ~75% working interest and ~62K net acres I Project Icewine West Operator, ~75% working interest and ~122K net acres L Project Leonis Operator, 100% working interest and ~25K net
Slide 8: Project Phoenix: Hickory-1 Success
For personal use only Project phoenix HICKORY-1 SUCCESS
Slide 9: Project Phoenix Hickory-1 Summary
PROJECT PHOENIX Hickory-1 Summary For personal use only I. petrophysical interpretation confirmed presence of multiple hydrocarbon bearing pay zones across all pre-drill targets, in addition to identification of the new Upper SFS reservoir. II. Estimated net pay calculated from wireline data of OVER
Slide 10: Hickory-1 multiple zones of interest to be tested
Hickory-1 multiple zones of interest to be tested Multiple hydrocarbon bearing pay zones identified across all pre-drill targets and the new Upper SFS PRE-DRILL ASSESSMENT POST-DRILL INITIAL OBSERVATIONS UNRISKED NET ENTITLEMENT TO 88E2 PROSPECTIVE OIL RESOURCES (MMSTB)3,4 HICKORY-1 For personal use
Slide 11: Work Program: Flow testing of the Hickory-1
WORK PROGRAM flow testing of the Hickory-1 program Drilling and logging complete Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Hickory-1 well Analysis of well results commenced Flow test designs underway For personal use only scheduled for Permitting and mobilisation Flow testing Planned post well a
Slide 12: Extensive Alaskan Exploration Acreage
For personal use only Extensive ALASKAN exploration ACREAGE
Slide 13: Project Leonis Exciting New Acreage
PROJECT LEONIS EXCITING NEW ACREAGE Project Leonis | 100% WI In November 2022, 88E was declared the highest bidder for 10 leases covering ~25k contiguous acres immediately south of Prudhoe Bay, with formal award in April 2023. TAPS For personal use only Preliminary interpretation of modern Storm
Slide 14: Alaskan NPRA (Federal) Exploration Acreage
Alaskan npra (FEDERAL) exploration ACREAGE Project Peregrine and Umiat Oil Field | Operator, 100% WI Project Peregrine Large project area of ~126k acres in a proven petroleum province For personal use only Resources are split across 3 prospects: Merlin (Nanushuk Topset), Harrier (Nanushuk Topset
Slide 15: Alaskan State Lands Exploration Acreage
Alaskan State Lands exploration ACREAGE Project Icewine West | Operator, ~75% WI Yukon Leases | Operator, 100% WI Charlie-1 discovery well drilled in 2020 recovered hydrocarbons Historic oil discovery located in the acreage during wireline operations with an API gravity between high-40 to low-50
Slide 16: Project Longhorn: Cashflows Support Exploration
For personal use only PROJECT LONGHORN CASHFLOWS SUPPORT EXPLORATION
Slide 17: Project Longhorn
PROJECT LONGHORN Delivering solid cash flows from increased production to support Exploration Circa 73% average net working interest in onshore established production assets located in the Permian Basin, Texas. Net 1.8 MMBOE 2P independently certified reserves, 31 December 20221,2,3 For personal u
Slide 18: Contacts
CONTACTS COMPANY: Share Registry: ASX: Computershare Managing Director: Investor Services Pty Ltd Ashley Gilbert ASX: 88E Registered Office: AIM: Computershare Ground Floor, 516 Hay St, Investor Services Pty Ltd For personal use only Subiaco WA 6008 AIM: 88E Postal Address: PO Box 352, Subiaco WA 69