88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (March 2026)
21 slides from 88 Energy's investor presentation, Mar 9, 2026
Slide 1: Unlocking Alaska's Under-Explored Potential Adjacent to the Super-Giants
For personal use only UNLOCKING ALASKA’S UNDER-EXPLORED POTENTIAL ADJACENT TO THE SUPER-GIANTS SHARPENED STRATEGY MODERN DATA HIGH-VALUE DEVELOPMENT POTENTIAL ASX: 88E | AIM: 88E | OTC: EEENF March 2026
Slide 2: Disclaimer
DISCLAIMER This presentation (Presentation) has been prepared 88 Energy Limited (the Company or 88 Energy) for information expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations purposes only to a limited number of persons. By readin
Slide 3: Resources and Reserves Estimates and Disclosures
RESOURCES AND RESERVES ESTIMATES AND DISCLOSURES SOUTH PRUDHOE: PROSPECTS TOTAL UNRISKED PROSPECTIVE OIL AND NGLS RESOURCES (MMBBLS)1,2,3,4 PROJECT PHOENIX GROSS (100%) CONTINGENT RESOURCES9 Probabilistic Method Estimation Hub Reservoir Low (1U) Best (2U) High (3U) MEAN GCOS Reservoir Auditor Low (1
Slide 4: Alaskan North Slope Specialists
88 ENERGY ALASKAN NORTH SLOPE SPECIALISTS For personal use only INFRASTRUCTURE SET TO DELIVER DISCIPLINED CAPITAL LED EXPLORATION NEW DISCOVERIES MANAGEMENT TARGETING DE-RISKED MODERN 3D SEISMIC AND LEVERAGING STRATEGIC RESERVOIRS IN PROVEN PETROPHYSICS REVEAL FARMOUTS TO SHARE THE PETROLEUM SYSTEMS
Slide 5: Consolidated South Prudhoe Lease Area Provides a Low Capex Opportunity
88 ENERGY PORTFOLIO CONSOLIDATED SOUTH PRUDHOE LEASE AREA PROVIDES A LOW CAPEX OPPORTUNITY Strategic, infrastructure-advantaged Pump Station 1 acreage position on Alaska’s North Slope DEADHORSE For personal use only SOUTH PRUDHOE PROJECT PROVEN IVISHAK AND KUPARUK RESERVOIRS | LOW-RISK, HIGH POTENTI
Slide 6: Corporate Overview
88 ENERGY CORPORATE OVERVIEW Scale, new discovery potential, and the overall maturity of the asset base provides a real and substantial re-rate opportunity For personal use only CAPITAL STRUCTURE BOARD AND MANAGEMENT Share price (on 6 March 2026) A$0.022 MS JOANNE WILLIAMS Ms Williams is a petroleum
Slide 7: Senior, Discovery-Focused Technical Team
88 ENERGY SENIOR, DISCOVERY-FOCUSED TECHNICAL TEAM Strengthened technical team, with significant expertise across subsurface, operations and commercial evaluation For personal use only THE RIGHT PEOPLE MR RIC JASON MR MATT FITTALL SENIOR MANAGEMENT TEAM WITH EXPLORATION MANAGER PRINCIPAL SUBSURFACE
Slide 8: Unlocking Overlooked North Slope Resources
88 ENERGY UNLOCKING OVERLOOKED NORTH SLOPE RESOURCES A streamlined, data-led strategy that prioritises proven high-quality reservoirs with clear, near-term commercial pathways For personal use only YET TO BE FULLY THE TIME TO DEVELOPED AND EXPLOITED MOVE IS NOW • Historically, major North Slope oper
Slide 9: South Prudhoe Energy Position
88 ENERGY SOUTH 1 2 88 ENERGY 88 ENERGY PRUDHOE POSITION TICKS SOUTH PRUDHOE LEASES SOUTH PRUDHOE LEASES NORTH-WEST ACREAGE SOUTH-EAST ACREAGE ALL THE KEY CRITERIA OPERATOR | 100% WI | 52,480 GROSS ACRES1 For personal use only LOCATED WITHIN ONE OF THE MOST PROLIFIC CONVENTIONAL OIL FAIRWAYS IN NORT
Slide 10: North-West Lease Area
88 ENERGY 1 NORTH-WEST LEASE AREA Priority Augusta Prospect lies adjacent to discovered resources within the lease MULTI-MILLION-BARREL PROSPECT NEW SIGNIFICANT IVISHAK PROSPECT KUPARUK LEVEL INTERVALS IDENTIFIED Hemi Springs ST. HEMI-SPRINGS State 1 1 West Sak AUGUSTA For personal use only Prudhoe
Slide 11: South-East Lease Area
88 ENERGY 2 SOUTH-EAST LEASE AREA Provides additional 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 Poi
Slide 12: South Prudhoe Development: Dual Hub Potential
88 ENERGY SOUTH 1 2 88 ENERGY 88 ENERGY SOUTH PRUDHOE LEASES SOUTH PRUDHOE LEASES PRUDHOE DEVELOPMENT NORTH-WEST HUB 99MMBLS (2U, GROSS UNRISKED) SOUTH-EAST HUB 408MMBLS (2U, GROSS UNRISKED) HUB OPTIONALITY FROM IVISHAK AND KUPARUK RESERVOIRS1,2,3 FROM IVISHAK AND BROOKIAN RESERVOIRS1,2,3 For person
Slide 13: A Long History of Developing Satellite Fields
88 ENERGY A LONG HISTORY OF DEVELOPING SATELLITE FIELDS North Slope producers have targeted development of satellite fields since the 90’s SATELLITE OIL FIELDS SATELLITE OIL FIELD DEVELOPMENT TIMELINE2 For personal use only Tie into existing North Slope infrastructure for enhanced NPV Point McIntyre
Slide 14: Path to Market Is Clear for Hub Developments
88 ENERGY PATH TO Lease / Project boundaries Key regional wells Trans Alaska Pipeline System MARKET IS CLEAR FOR Dalton Highway Production infrastructure network HUB DEVELOPMENTS Kuparuk Pipeline For personal use only DUAL DEVELOPMENT HUB POTENTIAL CENTRAL PROCESSING FACILITY 1 • North-West Hub | Cl
Slide 15: Project Phoenix Is a Matured New Discovery
88 ENERGY PROJECT PHOENIX IS A MATURED NEW DISCOVERY For personal use only PRODUCTION TEST PLANNED H2 CY26 HICKORY-1 OPERATOR | 74.3% WI | 44,562 NET ACRES1 Discovery well PROJECT PHOENIX LOCATION OF PLANNED • 2C Contingent Resource (SMD-B, Upper and Lower SFS and SMD-B reservoir play fairway FRANKL
Slide 16: Project Phoenix H2 CY26 Production Test
88 ENERGY PROJECT PHOENIX H2 CY26 PRODUCTION TEST Funding pathway secured for upcoming production test from the Franklin Bluffs pad For personal use only PRODUCTION TEST WELL FROM FRANKLIN BLUFFS H2 CY26 TRANSFORMATIONAL FRANKLIN BLUFFS-1H WELL BURGUNDY FARM-OUT1 PROGRAM • Up to US$39M carry for 50%
Slide 17: Significant New Kad River East Acreage Position
88 ENERGY SIGNIFICANT NEW KAD RIVER EAST DEADHORSE ACREAGE POSITION Kad River 3D Survey KAD RIVER EAST For personal use only UNDER-EXPLORED LARGE UNDER-EXPLORED ACREAGE 100% Working Interest OPERATOR | 100% WI | 17,920 GROSS ACRES1 • Seven new leases acquired (CY25 Bid Round)1. Lease / Project bound
Slide 18: PEL 93, Onshore Namibian Investment
88 ENERGY PEL 93, ONSHORE NAMIBIAN INVESTMENT Basin scale potential being unlocked via near neighbour exploration success PEL93 For personal use only FRONTIER PEER DRILLING EXPAND JV EXPLORATION WELL EXPLORATION 88 ENERGY’S PARTNER NEAR-ACREAGE EXPLORATION DRILLING JV PARTNERSHIP TO SHARE FUNDING OF
Slide 19: A Portfolio of Opportunity
88 ENERGY A PORTFOLIO OF OPPORTUNITY Alaska-focused explorer positioned for multiple near-term material value catalysts For personal use only EXPANDED AND LOW-RISK SOUTH PRUDHOE EXPLORING ALIGNED UNLOCKING UPGRADED IVISHAK AND PROVIDES MULTIPLE VALUE ALASKAN ONSHORE ALASKAN KUPARUK SIGNIFICANT PATHW
Slide 20: Contact Details
88 ENERGY CONTACT DETAILS For personal use only MANAGING DIRECTOR BROKERS SHARE REGISTRY Ashley Gilbert Australia ASX | Computershare Euroz Hartleys Ltd As Corporate Advisor Investor Services Pty Ltd REGISTERED OFFICE Chelsey Kidner | +61 8 9268 2829 ASX: 88E Ground Floor, 516 Hay St, AIM | Computer
Slide 21: Appendix A: References
APPENDIX A References Slide 5 Slide 16 1. Refer to ASX announcement dated 19 February 2026 for specific Prospective Resource estimates 1. Refer to announcement dated 18 September 2024 and page 2 for further details on farm-out terms. 2. Refer to ASX announcement dated 18 September 2024 and page 2 ca