88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (November 2017)
14 slides from 88 Energy's investor presentation, Nov 27, 2017
Slide 1: Project Icewine, North Slope of Alaska - Operations Update
PROJECT ICEWINE NORTH SLOPE OF ALASKA For personal use only PROJECT ICEWINE PROJECT NOVEMBER ICEWINE FEBRUARY2017 2017 OPERATIONS ICEWINE#2UPDATE UPDATE Doyon Arctic Fox DOYON DRILLING, INC.
Slide 2: 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 3: 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.
Slide 4: North Slope Oil & Gas Activity 2017
North Slope Oil & Gas Activity 2017 Recent Discoveries Caelus Energy: Smith Bay 2016 For personal use only Discovery 2.4 BN barrels EUR (est.) Armstrong/ Repsol Pikka Unit 2015#4 Discovery 1.4BN barrels (2C) Prudhoe Bay #3 ConocoPhillips: Willow 2017 15 BN barrels Discovery > 300M barrels rec Tarn /
Slide 5: Company Snapshot
Company Snapshot Corporate Snapshot For personal use only 88 Energy Limited Current 88E Board and Management Burgundy Xploration (ASX, AIM: 88E) JV Partner Shares on Issue 4,649m David Wall Managing Director Paul M. Basinski, Founder & CEO Options on Issue 769m Michael Evans Non-Exec Chairman Michae
Slide 6: Icewine Highlights
Project Icewine HIGHLIGHTS Large, Strategic Acreage Position – Vast Majority of HRZ Play now Captured For personal use only • Joint Venture controls 460,000 gross acres (~286,000 net to 88E, Operator*) • Strategically located on infrastructure – all year access road / pipeline Primary Target: HRZ Li
Slide 7: HRZ Unconventional: Phase II
HRZ Unconventional: Phase II Icewine#2 Vertical Well, Stimulate & Flow Test For personal use only • Drilling / stimulation completed on time and to date remains under budget • Two stage, multi-perforation cluster stimulation over 128’ interval • Slickwater treatment comprising 27,837 barrels of flui
Slide 8: Icewine: HRZ Unconventional Recent Analysis
Project Icewine: HRZ Unconventional Recent Analysis For personal use only HRZ pore throat size HRZ pore throat size distribution HRZ shale, North Slope, Alaska Source: Philip H. Nelson (2009); Pore-throat sizes in sandstones, tight sandstones, and shales • Pore throat size: HRZ range compares favour
Slide 9: Icewine Conventional Prospectivity Portfolio
Project Icewine Conventional Prospectivity Portfolio For personal use only Heavenly#1 N Icewine#2 Alpha Stellar Bravo Malguk#1 • Conventional Prospective Resource Potential (mean unrisked) : • 1.96 BN barrels gross; 1.05 BN net to 88E* • Multiple stacked leads predominantly stratigraphic, slope apro
Slide 10: Icewine: New 2D Seismic Reprocessing Highlights Deeper Potential
Project Icewine: New 2D Seismic Reprocessing Highlights Deeper Potential For personal use only • Additional play potential identified on reprocessed 2D seismic and regional well petrophysics • Stacked Torok and Seabee Fm basin floor fan sands associated with lowstand events • Analogous play type to
Slide 11: Icewine: Conventional Portfolio
Project Icewine: Conventional Portfolio Prospective Unrisked Recoverable Resources • Bravo & Alpha Leads prominent on For personal use only modern 2D seismic • Additional potential identified on legacy 2D – recently reprocessed and interpreted • Stacked leads offer opportunity to test multiple objec
Slide 12: Icewine Summary
Project Icewine Summary For personal use only Unconventional - HRZ • Flow-back clean up phase ongoing with only ~20% of frac fluid recovered vs target of >30% - recommence April/May 2018 with artificial lift • Results to date encouraging and consistent with early stage results from other successful
Slide 13: Board and Key Management
Board and Key Management For personal use only Mr David Wall – Managing Director Dr Stephen Staley – Non-Executive Director 4 years experience in strategy and planning at Woodside 34 years of energy management and technical experience including Petroleum. 6 years experience in financial services wit
Slide 14: 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 2, 5 Ord St, West Perth WA 6005 United Kingdom Cenkos Securities Plc As Nominated Adviser and Broker: Postal A