88 Energy Limited · ASX:88E

88 Energy — Investor Presentation (October 2022)

23 slides from 88 Energy's investor presentation, Oct 28, 2022

  1. Slide 1: ASX Announcement: updated corporate presentation

    ASX ANNOUNCEMENT 28 October 2022 For personal use only 88 Energy Limited 88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) provides the following updated Corporate presentation, to be presented by the Managing Director at the upcoming EGM to be held on 11 November 2022, as w

  2. Slide 2: Investor presentation 28 October 2022

    For personal use only Investor presentation 28 October 2022

  3. Slide 3: 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

  4. Slide 4: Alaska - Resources and reserves estimates & Disclosures

    Alaska - Resources and reserves estimates & Disclosures ICEWINE EAST Umiat Oil Field 1. 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 For personal use only

  5. Slide 5: Corporate overview

    Corporate overview High impact Hickory-1 exploration well to spud in 2023 targeting Alaskan 647 MMBO For personal use only ALASKA unrisked net mean prospective resources 1,2 exploration SUPPORTED BY conventional U.S.A. TEXAN production Texas Texan Permian Basin 1. assets Please refer to the ASX rele

  6. Slide 6: Investment highlights

    INVESTMENT HIGHLIGHTS Quality portfolio of Alaskan exploration projects supported by conventional Texan production For personal use only 1. EXTENSIVE ALASKAN 2. 2023 High Impact 3. Increasing DIRECT ACREAGE POSITION Drilling located PRODUCTION adjacent to key exposure INFRASTRUCTURE

  7. Slide 7: Corporate snapshot

    Corporate SNAPSHOT ASX:88E | AIM:88E | OTC:EEENF For personal use only CAPITAL STRUCTURE PLANNED ACTIVITY H2 2022 Share price1 A$0.009  Planning and permitting for drilling of the 2023 Hickory-1 exploration well at Icewine East Shares on issue2 18,266M  Completing remaining three work-overs at Pro

  8. Slide 8: Corporate overview: Hickory-1 well scheduled to spud in 2023

    Corporate overview Hickory-1 well “Hickory−1 well location is selected to test significant fluid factor anomalies in the scheduled to spud SMD−C to SMD−A interval.” For personal use only – Independent geophysical consultants QEYE in 2023 targeting 647 MMBO 1,2 Hickory-1 Icewine-1 “Importantly, the H

  9. Slide 9: 1. Extensive Alaskan acreage position

    For personal use only 1. extensive ALASKAN acreage position

  10. Slide 10: Extensive Alaskan acreage position

    1. Extensive ALASKAN ACREAGE POSITION Premium quality oil exploration assets For personal use only I Project Icewine Operator, ~75% working interest and ~184K net acres P Project Peregrine Operator, 100% working interest and ~195K net acres U Umiat Oil Field Operator, 100% working interest and ~18K

  11. Slide 11: Project Icewine

    1. Extensive ALASKAN ACREAGE POSITION I Project Icewine | Operator, ~75% WI For personal use only ICEWINE EAST  High impact Hickory-1 exploration well scheduled in 2023  Third-party evaluation indicates multiple play fairways extend onto Icewine East from near-by Pantheon leases  Acreage signific

  12. Slide 12: Project Peregrine

    1. Extensive ALASKAN ACREAGE POSITION P Project Peregrine | Operator, 100% WI For personal use only  Project area encompasses 195,373 acres Harrier-1 proposed Harrier-1 proposed (N14N & N15) (N14N & N15)  Multiple independent drill-ready targets remain untested within the acreage (Harrier-1 and Me

  13. Slide 13: Umiat Oil Field

    1. extensive ALASKAN ACREAGE POSITION U Umiat Oil Field | Operator, 100% WI For personal use only  Located immediately adjacent to Project Peregrine  Historic flow testing demonstrated a sustained rate of 200 barrels per day with no water (with a maximum rate of 800 barrels of oil per day)  Recen

  14. Slide 14: Yukon Leases

    1. extensive ALASKAN ACREAGE POSITION Y Yukon Leases | Operator, 100% WI For personal use only  Historic oil discovery located in the acreage  Discussions with nearby lease owners for joint development area with due diligence ongoing  Remaining Yukon acreage retained on State lands after relinqui

  15. Slide 15: 2. Icewine East: active, infrastructure-led exploration

    For personal use only 2. Icewine east: active, INFRASTRUCTURE-LED Exploration

  16. Slide 16: Icewine East: 1.03 billion barrels gross prospective resource

    2. Icewine east: Active, INFRASTRUCTURE-LED exploration Project Icewine East: 1.03 billion barrels total mean gross prospective oil resource estimate1 For personal use only  Icewine East acreage is strategically located on the Dalton Highway and the TAPS pipeline runs through the acreage providing

  17. Slide 17: Success at the Hickory-1 location unlocks up-dip potential

    Corporate overview Success at the Hickory-1 The Hickory-1 well, and more generally the Icewine East acreage, has been significantly de-risked by the recent drilling and flow tests carried out on the adjacent acreage by Pantheon Resources, as well as data from the Icewine-1 well logs and the modern F

  18. Slide 18: 3D seismic informed optimum future drill target – Hickory-1

    2. Icewine East: Active, INFRASTRUCTURE-LED exploration 3D seismic informed optimum future drill target – Hickory-1 For personal use only  Franklin Bluffs 3D seismic data (FB3D) licenced in Pantheon 2 June 2022 88 Energy  FB3D extends across the Icewine East acreage where the Shelf Margin Delta (S

  19. Slide 19: Optimised Hickory-1 drilling location

    2. Icewine East: Active, INFRASTRUCTURE-LED exploration Optimised Hickory-1 drilling location1 Optimised Hickory-1 drilling For personal use only Deadhorse location delivers: Theta West-1 ~25 miles  Designed to appraise 6 stacked PROPOSED reservoir targets HICKORY- Talitha-A 1 DRILLING  Closest po

  20. Slide 20: 3. Increasing direct production exposure

    For personal use only 3. INCREASING DIRECT PRODUCTION EXPOSURE

  21. Slide 21: Increasing direct production exposure: Project Longhorn

    3. INCREASING DIRECT PRODUCTION EXPOSURE Project Longhorn on target to deliver ~600 BOE per day gross by end 20221,4  Circa 73% average net working interest in For personal use only onshore established production assets located in the Permian Basin, Texas2  Net 2.1 MMBOE 2P independently certified

  22. Slide 22: 88 Energy: a premium E&P exposure

    88 ENERGY: A PREMIUM E&D 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-BILLION PRODUCTION CAS

  23. Slide 23: Contacts

    Corporate overview CONTACTS COMPANY: Share Registry: ASX: Computershare Managing Director: Investor Services Pty Ltd Ashley Gilbert ASX: 88E For personal use only Registered Office: AIM: Computershare Ground Floor, 516 Hay St, Investor Services Pty Ltd Subiaco WA 6008 AIM: 88E Postal Address: PO Box

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