88 Energy Limited · ASX:88E
88 Energy — Investor Presentation (October 2022)
21 slides from 88 Energy's investor presentation, Oct 10, 2022
Slide 1: Investor update October 2022
For personal use only Investor update October 2022
Slide 2: 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
Slide 3: Corporate overview
Corporate overview Hickory-1 exploration High impact well to spud in 2023 targeting 647 MMBO Alaskan For personal use only ALASKA unrisked net mean prospective resources 1,2 exploration SUPPORTED BY conventional U.S.A. TEXAN production Texan Permian Basin Texas 1. assets Please refer to the ASX rele
Slide 4: 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
Slide 5: 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
Slide 6: 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
Slide 7: 1. Extensive Alaskan acreage position
For personal use only 1. extensive ALASKAN acreage position
Slide 8: 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
Slide 9: 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
Slide 10: 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
Slide 11: 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
Slide 12: 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
Slide 13: 2. Icewine East: Active, infrastructure-led exploration
For personal use only 2. Icewine east: active, INFRASTRUCTURE-LED Exploration
Slide 14: Project Icewine East: 1.03 billion barrels 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
Slide 15: 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
Slide 16: 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
Slide 17: 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
Slide 18: 3. Increasing direct production exposure
For personal use only 3. INCREASING DIRECT PRODUCTION EXPOSURE
Slide 19: Project Longhorn on target to deliver ~600 BOE per day gross
3. INCREASING DIRECT PRODUCTION EXPOSURE Project Longhorn on target to deliver ~600 BOE per day gross by end 20221,4 For personal use only Circa 73% average net working interest in onshore established production assets located in the Permian Basin, Texas2 Net 2.1 MMBOE 2P independently certified
Slide 20: 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
Slide 21: 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