88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (November 2023)
15 slides from 88 Energy's investor presentation, Nov 14, 2023
Slide 1: Onshore Namibian Oil and Gas Exposure
onshore Namibian oil AND gas EXPOSURE November 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: Onshore Namibian Oil and Gas Exposure
One of THE ONSHORE Namibian WORLD’S MOST AFRICA PROSPECTIVE NEW oil and gas EXPOSURE EXPLORATION REGIONs EARNING-IN TO Highly ANGOLA compelling acreage Massive acreage position Underexplored frontier exploration Monitor Exploration Ltd NAMIBIA BOTSWANA Established operating jurisdiction farmin
Slide 4: One of the World's Most Prospective Exploration Regions
one of the WORLD’S MOST PROSPECTIVE EXPLORATION REGIONs Recent significant discoveries thrust Namibia into the global energy spotlight Graff-1, jonker-1x and Venus-1X OFFSHORE OWAMBO BASIN LA rona-1 OFFSHORE wells LIGHT OIL DISCOVERY positive early results February, MARCH AND APRIL 2022 February 202
Slide 5: Massive Acreage Position with Large Discovery Potential
MORE THAN MASSIVE Acreage 12X AFRICA POSITION with LARGE LARGER THAN discovery potential 88 ENERGY’S ENTIRE ALASKAN Licence PEL 93 covers a vast PORTFOLIO1 18,500 km2 acreage position, PEL 93 NAMIBIA comprising blocks 1717 and 1817 PEL 93 occupies prime real MORE THAN estate in the Central Owamb
Slide 6: Underexplored Frontier Exploration
UNDEREXPLORED FRONTIER EXPLORATION One of the last true frontiers for big hit onshore oil and gas discoveries The (arctic) North Slope of Alaska and African Continent share a commonality in oil and gas exploration, thought to be two of the last remaining global jurisdictions for true large-scale d
Slide 7: Significant new structural play identified
Significant new structural play identified Well-defined sedimentary basin with proven oil charge, reservoirs and seals A series of large, anticlinal structures have been identified in the onshore Owambo Basin, collectively expected to represent a multi- billion-barrel exploration opportunity Ini
Slide 8: Extensive lead portfolio defined
Extensive lead portfolio defined Numerous significant structural closures validated Ten independent structural closures identified &&&& 1 3 from airborne geophysical methods and partly verified by existing 2D seismic coverage Aerial extents for each of the leads ranges from 2 70km2 to 186km2
Slide 9: Next steps – 2D seismic program
Next steps – 2D seismic program Targeted low-impact 2D seismic acquisition scheduled for mid-2024 2D seismic program planned for mid- 2024 with final program designed to be low-impact and utilise existing road and 2 trail networks 5 Program scheduled to acquire a 8 minimum of ~200 line-kilometer
Slide 10: Clear Path to Commercialisation
CLEAR PATH TO COMMERCIALISATION Dual development optionality GAS COMMERCIALISATION OPTIONS 3 1 Gas to power Southern African Power Pool (SAPP) C 2 Rail to Walvis Bay LNG for export 3 Rail Trans-Zambezi to Zambia Industrial Mines 2 4 Rail and road to Botswana Mines via Trans-Kalahara Corridor A B
Slide 11: First-Class Operating Jurisdiction
FIRST-CLASS OPERATING JURISDICTION Namibia emerged as a highly attractive country for investment HIGHLY COMPETITIVE EXCELLENT PETROLEUM REGIME INFRASTRUCTURE ENDORSED BY OFFSHORE MAJORS INCLUDING PORT, road, rail and Power SAFE STABLE PRO-BUSINESS AND SECURE DEMOCRATIC GOVERNMENT One of the safest c
Slide 12: Attractive Deal Structure
ATTRACTIVE DEAL STRUCTURE Earning up to a 45% JV interest for maximum staged investment of US$18.7M Proposed transfer consideration and steps Proposed JV structure (88E fully earned-in basis) 1 88E to pay Monitor US$3.7M over four instalments, in consideration for past costs as well as a carry of u
Slide 13: Forward Work-Program
FORWARD work-program Clear exploration plan leading to targeted near-term drilling 88E’s farm-in enables fast-track near-term drilling, with the first exploration well planned for as early as 2H 2025 Initial program focused on the southern opportunity of the large acreage position, with further
Slide 14: Transaction Highlights
TRANSACTION HIGHLIGHTS Highly compelling acreage in the world’s most prospective new exploration region Massive Underexplored First-class acreage position frontier exploration operating jurisdiction IN A Well-defined sedimentary basin with One of the last true frontiers for big hit NAMIBIA HAS Emerg
Slide 15: Contacts
CONTACTS COMPANY: Managing Director: Share Registry: ASX: Computershare Investor Services Pty Ltd Ashley Gilbert ASX: 88E Registered Office: AIM: Computershare Ground Floor, 516 Hay St, Investor Services Pty Ltd Subiaco WA 6008 AIM: 88E Postal Address: PO Box 352, Subiaco WA 6904 Telephone: +61 8 94