88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (November 2023)
24 slides from 88 Energy's investor presentation, Nov 24, 2023
Slide 1: 88 Energy Investor Update November 2023
88 ENERGY INVESTOR UPDATE November 2023
Slide 2: Disclaimer
i 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 Presentationis
Slide 3: Resources and reserves estimates and disclosures
Resources and reserves estimates AND Disclosures PROJECT PHOENIX – prospective resource PROJECT ICEWINE WEST PROJECT PHOENIX – Basin floor fan contingent resource UMIAT OIL FIELD PROJECT PEREGRINE Project longhorn 3
Slide 4: High-impact Alaskan appraisal activity with new Namibian frontier exploration
High-impact Alaskan appraisal activity with new Namibian frontier exploration supported by conventional production 4
Slide 5: Evolution of a balanced portfolio
88 Energy – Evolution of A BALANCED Portfolio New venture / frontier Advanced APPRAISAL / growing exploration PRE-DEVELOPMENT Production ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ 5
Slide 6: Multiple exploration and appraisal projects
multiple EXPLORATION AND appraisal projects A Alaska, north slope N Namibia, pel93 6
Slide 7: Corporate Snapshot
Corporate SNAPSHOT ▪ ▪ ▪ ▪ ▪ ▪ ▪ 7
Slide 8: Project Phoenix Hickory-1 discovery
Project phoenix HICKORY-1 discovery Flow test planned for Q1 2024
Slide 9: Project Phoenix Hickory-1 exploration well outcomes
Project phoenix HICKORY-1 EXPLORATION WELL OUTCOMES I. petrophysical interpretation confirmed presence of multiple hydrocarbon bearing pay zones across all pre-drill targets, in addition to identification of the new Upper SFS reservoir. II. Estimated net pay calculated from wireline data of OVER 400
Slide 10: Confirmed discovery: maiden contingent resource estimate
CONFIRMED discovery Maiden contingent resource estimate I. INDPENDENTLY CERTIFIED (NSAI) CONTINGENT RESOURCE ASSESSMENT Low (1C) Best (2C) High (3C) FOR BASIN FLOOR FAN 11 28 65 II. ASSESSMENT CONFIRMS DISCOVERY STATUS FOR BFF AT HICKORY-1 AND ICEWINE-1 PRIOR TO TESTING OPERATIONS PLANNED FOR HICKOR
Slide 11: High impact flow testing focusing on the SMD and SFS reservoirs
High impact Q1 23 P Q2 23 Q3 23 Q4 23 Q1 24 Flow testing P P focusing on the SMD n n n and SFS reservoirs in the hickory-1 well scheduled for q1 2024 11
Slide 12: Planned phased, scalable development approach
Planned Phased, SCALABLE DEVELOPMENT approach Located near the north slope services hub (Deadhorse) and adjacent to the Dalton highway and taps, for immediate export 12
Slide 13: Onshore Namibian oil and gas exposure
ONSHORE NAMIBIAN OIL AND GAS EXPOSURE UNDEREXPLORATED FRONTIER EXPLORATION
Slide 14: Onshore Namibian oil and gas exposure
ONSHORE Namibian One of THE WORLD’S HIGHLY AFRICA oil and gas EXPOSURE PROSPECTIVE NEW EXPLORATION REGIONs ANGOLA EARNING-IN TO Highly compelling acreage P P NAMIBIA BOTSWANA P P P SOUTH P AFRICA P P 14
Slide 15: Massive acreage position with large discovery potential
MASSIVE Acreage MORE THAN 12X AFRICA POSITION with LARGE discovery potential LARGER THAN 88 ENERGY’S ENTIRE ALASKAN PORTFOLIO PEL 93 NAMIBIA ▪ MORE THAN ▪ ▪ 70X LARGER THAN 88 ENERGY’S PROJECT PHOeNIX North Slope ALASKA AREA1 15
Slide 16: The world's highly prospective new exploration region
THE WORLD’S Highly PROSPECTIVE NEW EXPLORATION REGION Graff-1, jonker-1x and Venus-1X OFFSHORE OWAMBO BASIN LA rona-1 OFFSHORE wells LIGHT OIL DISCOVERY positive early results 2022 and 2023 February 2022 encountered APRIL 2021 and APRIL 2022 HYDROCARBON PLAY AT NUMEROUS LEVELS AND LIGHT OIL approxim
Slide 17: Significant new structural play identified
Significant new structural play identified ▪ ▪ ▪ ▪ 17
Slide 18: Forward work-program
FORWARD work-program ▪ ▪ ▪ ▪ 18
Slide 19: Attractive deal structure
ATTRACTIVE DEAL STRUCTURE 1▪ MELUK ▪ (100%) ▪ ▪ NAMCOR LEGEND OIL MELN 88 ENERGY* (10%) (15%) (35%) (45%) Operator ▪ Licence pel 93 2▪ (blocks 1717 and 1817) 3 ▪ ▪ 19
Slide 20: Project Longhorn stable production
PROJECT LONGHORN STABLE PRODUCTION CASHFLOWS support EXPLORATION AND APPRAISAL ACTIVITIES
Slide 21: Provides growing production potential
provides growing production potential ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ 21
Slide 22: Premium exploration and development exposure
PREMIUM EXPLORATION AND development EXPOSURE TAPS High impact ALASKAN INFRASTRUCTURE-LED frontier onshore acreage position appraisal program exploration in Namibia Contiguous TO MULTI-BILLION PRODUCTION CASHFLOWs MODERN HIGH QUALITY 2D BARREL OIL RESOURCE SUPPORT FUTURE Activities and 3D SEISMIC ANA
Slide 23: Contacts
CONTACTS COMPANY: Share Registry: Brokers: website: 23
Slide 24: Slide 24