88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (July 2026)
21 slides from 88 Energy's investor presentation, Jul 6, 2026
Slide 1: South Prudhoe Augusta-1 Exploration Well: Technical Overview and Pathway to Spud
For personal use only SOUTH PRUDHOE AUGUSTA-1 EXPLORATION WELL TECHNICAL OVERVIEW AND PATHWAY TO SPUD JULY 2026 ASX: 88E | AIM: 88E | OTC: EEENF 88energy.com
Slide 2: Disclaimer
DISCLAIMER This presentation (Presentation) has been prepared by 88 Energy Limited (the Company or 88 Energy) for information time to time and 88 Energy cannot assess the potential impact of any such factor on its activities or the extent to which purposes only to a limited number of persons. By rea
Slide 3: Resources and Reserves Estimates and Disclosures
88 ENERGY SOUTH PRUDHOE ACREAGE POSITION RESOURCES AND RESERVES ESTIMATES AND DISCLOSURES For personal use only MAY 2026 RESOURCE UPGRADE SOUTH PRUDHOE HUB RESERVOIR UNRISKED PROSPECTIVE OIL AND NGLS RESOURCES (MMBBLS)1,2 South Prudhoe gross unrisked 2U Prospective Resources Probabilistic Method Low
Slide 4: Large-Scale, Multi-Reservoir Potential in a Proven North Slope Fairway
LARGE-SCALE, MULTI- 1 2 RESERVOIR POTENTIAL SOUTH PRUDHOE LEASES SOUTH PRUDHOE LEASES IN A PROVEN NORTH NORTH-WEST HUB SOUTH-EAST HUB 301 MMBLS 468 MMBLS SLOPE FAIRWAY (2U, GROSS UNRISKED) FROM (2U, GROSS UNRISKED) FROM IVISHAK AND BROOKIAN For personal use only IVISHAK, KUPARUK AND BROOKIAN RESERVO
Slide 5: Corporate Overview
CORPORATE OVERVIEW REAL AND SUBSTANTIAL RE-RATE OPPORTUNITY For personal use only CAPITAL STRUCTURE BOARD AND MANAGEMENT Share price (on 3 July 2026)2 A$0.021 MS JOANNE WILLIAMS Ms Williams is a petroleum engineer with over 25 years of global oil and gas experience, including Shares on issue (on 3 J
Slide 6: Senior, Discovery-Focused Technical Team
SENIOR, DISCOVERY-FOCUSED TECHNICAL TEAM 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 ADVISOR SKILLS AND EXPERIENCE DIRECTLY Geoscientist with
Slide 7: North Slope Oil and Gas Exploration: A Resurgence Is Underway
NORTH SLOPE OIL AND GAS EXPLORATION A RESURGENCE IS UNDERWAY1 ALASKAN FIELD PRODUCTION RECENT GLOBAL EVENTS HIGHLIGHT THE NEED TO CRUDE OIL (BPD, ‘000) SHIFT TO RELIABLE DOMESTIC SUPPLY For personal use only ALASKA CRUDE NOW COMMANDING AN EXTRAORDINARY PREMIUM IN GLOBAL MARKETS IN RESPONSE, US GOVER
Slide 8: Augusta-1: A Multi-Reservoir Opportunity
AUGUSTA-1 A MULTI-RESERVOIR OPPORTUNITY FROM LEASE AWARD TO A FARM-OUT AND DRILL READY OPPORTUNITY IN UNDER 12 MONTHS For personal use only SOUTH PRUDHOE LEASES SOUTH PRUDHOE PROSPECTIVE RIG SECURED FOR AUGUSTA 1 CURRENT POSITION AWARDED RESOURCE UPDATE EXPLORATION WELL November 2025 February 2026 M
Slide 9: Augusta-1: Large-Scale Multi-Reservoir Opportunity
AUGUSTA-1: LARGE-SCALE MULTI-RESERVOIR OPPORTUNITY MULTI-RESERVOIR TEST OF 133.7 MMBBLS1,2 2U GROSS UNRISKED PROSPECTIVE RESOURCES PRIMARY IVISHAK RESERVOIR TARGET For personal use only PRUDHOE BAY’S PRINCIPAL PRODUCING RESERVOIR WITH OVER 13BN BBLS PRODUCED3 57.5 MMBBLS 2U, GROSS UNRISKED (47.9 MMB
Slide 10: Augusta-1: Primary Ivishak Reservoir Target
AUGUSTA-1: PRIMARY IVISHAK RESERVOIR TARGET LOW-RISK TARGET IN PROVEN PETROLEUM SYSTEM, CLOSE TO EXISTING INFRASTRUCTURE AUGUSTA PROSPECT: IVISHAK RESERVOIR NORTH-WEST HUB IVISHAK PROSPECTIVITY INDEX MAP ROCK FLOUR-1 HEMI-SPRINGS STATE 1 THE IVISHAK IS A PROVEN, REGIONALLY Lease / Project Boundary A
Slide 11: Augusta-1: Primary Ivishak Reservoir Target
AUGUSTA-1: PRIMARY IVISHAK RESERVOIR TARGET PRUDHOE BAY’S PRINCIPAL PRODUCING RESERVOIR AND LARGEST OILFIELD IN NORTH AMERICA PRUDHOE BAY IVISHAK RESERVOIR RATIONALE PRUDHOE BAY IVISHAK RESERVOIR MAPPED DIRECTLY INTO NORTH-WEST HUB1,2 PRUDHOE BAY HAS LONG BEEN VIEWED AS A For personal use only NATIO
Slide 12: Augusta-1: Primary Kuparuk Reservoir Target
AUGUSTA-1: PRIMARY KUPARUK RESERVOIR TARGET HIGH-CONFIDENCE EXPLORATION PROSPECT UNDERPINNED BY OFFSET WELL RESULTS AUGUSTA PROSPECT: KUPARUK RESERVOIR NORTH-WEST HUB AND REGIONAL KUPARUK DEPTH MAP AND KEY WELLS AUGUSTA-1 IS TARGETING A 23.5 MMBBL KRU D-PAD PRODUCTION WELLS KRU 1M-17 DISCOVERY WELL
Slide 13: Augusta-1: Primary Kuparuk Reservoir Target
AUGUSTA-1: PRIMARY KUPARUK RESERVOIR TARGET AUGUSTA PROSPECT LIES ON TREND WITH KUPARUK PRODUCTION FAIRWAY TO THE NORTH KUPARUK FAIRWAY MODELLED TO EXTEND INTO NORTH-WEST HUB LEASE AREA PROVEN KUPARUK PRODUCTION HEMI SPRINGS STATE 1 For personal use only KUPARUK FAIRWAY EXTENSION INTO NORTH-WEST LEA
Slide 14: Augusta-1: Brookian Reservoir
AUGUSTA-1: BROOKIAN RESERVOIR PROVEN NEARBY PRODUCTION REINFORCES EXPLORATION POTENTIAL ADJACENT PRODUCING AREAS1 STRONG TECHNICAL SUPPORT PROVIDED FOR BROOKIAN UPSIDE ORION PARTICIPATING AREA BROOKIAN J-PAD PRODUCTION WELLS For personal use only KRU WEST SAK 1J-115 6 MMBBLs OIL PRODUCED TO DATE1 WE
Slide 15: Augusta-1 Well Set to Test 133.7 MMbbls 2U Gross Unrisked
AUGUSTA-1 WELL SET TO TEST 133.7 MMBBLS 2U GROSS (111.4 MMBBLS NET TO 88E) UNRISKED ROCK FLOUR-1 Tuttu-1 PROSPECTIVE RESOURCES1,2 SECONDARY BROOKIAN USB M For personal use only 2° USB M TARGETS IN THE M, N AND USB N 2° USB N WEST SAK SANDS West Sak 52.7 MMBBLS (GROSS UNRISKED, 2U)1,2 BRINGING THE OP
Slide 16: Rapidly Advancing Towards a Significant Drill Event
RAPIDLY ADVANCING TOWARDS A SIGNIFICANT DRILL EVENT AUGUSTA-1 OPERATIONAL READINESS MATERIALLY ADVANCED KEY WORKSTREAM1 Q3 CY2026 Q4 CY2026 Q1 CY2027 Q2 CY2027 For personal use only CONCEPTUAL WELL DESIGN LOCATION PLANNING STIMULATION AND WELL TEST PLANNING FINALISE DETAILED WELL DESIGN AND AF
Slide 17: Clear Path to Future Commercialisation
DEVELOPMENT Lease / Project boundaries Key regional wells Trans Alaska Pipeline System CONCEPT OUTLINES Dalton Highway Production infrastructure network CLEAR PATH TO FUTURE Kuparuk Pipeline COMMERCIALISATION1 CENTRAL PROCESSING FACILITY 1 For personal use only Nikaitchuq Milne Point CLEAR PATH TO M
Slide 18: All the Critical Elements Required for Success Are Now Firmly in Place
ALL THE CRITICAL ELEMENTS REQUIRED QUALITY ACREAGE POSITION IN THE RIGHT LOCATION FOR SUCCESS ARE NOW PROVEN CONVENTIONAL OIL FAIRWAY FIRMLY IN PLACE INFRASTRUCTURE ADVANTAGED WITH CLEAR COMMERCIALISATION PATH For personal use only PROXIMATE TO PRODUCING ANALOGUE FIELDS BENEFITTING FROM STRONG OFFSE
Slide 19: 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 20: Appendix A: References
APPENDIX A REFERENCES Slide 4 1. Refer to the ASX Announcements dated 19 February and 18 May 2026 for further details. 2. Refer to page 3 cautionary statement and tables in relation to South Prudhoe. Slide 11 3. Source: AOGCC and DNR Oil and Gas Division Alaska. 1. Source: Prudhoe Bay at 40: Still a
Slide 21: For personal use only
For personal use only ASX: 88E | AIM: 88E | OTC: EEENF