Investor Presentation

24 March 2015

                               88 ENERGY LIMITED                               

                             Investor Presentation                             

88 Energy Limited ("88E", "Company") wishes to advise that a copy of the
Company's latest Investor Presentation (March 2015) is available on the
Company's website at www.88energy.com

This presentation is to be used at the Mines and Money conference held in Hong
Kong, and key investment highlights noted include the following:

Objective: Compelling oil play with unique logistics, market access, & fiscal
incentives

  * 99,360 acres onshore North Slope, Alaska with 10 year lease term & 16.5%
    royalty
   
  * Settlement of Icewine acquisition expected 2Q 2015
   
  * Two world class objectives in the kitchen of North America's largest oil
    field
   
  * 
      + Unconventional: 492 MMBO estimated recoverable (gross mean unrisked)*
       
      + Conventional: 4.0 BBO undiscovered potential (Central North Slope
        Platform AU, USGS 2013)
       
  * Seeking astute investor to participate in fast track Icewine exploration
    program to unlock potential
   
  * 88 Energy operates the JV with originating-partner Burgundy Xploration
    (BEX), Houston
   
Why NOW?

  * Globally unique risk/reward due to 75-85% E&D CASH rebate from the State
   
  * Depressed oil / share price creates bottom of cycle entry and maximises
    potential returns
   
  * Catalysts
   
  * 
      + High impact peer drilling campaign on adjacent acreage underway
       
      + Oil price rebound over 6-18 months - quality companies will rise higher
        /faster
       
      + Possible farm-out driven by project quality and attractive rebates
       
      + Existing gravel pad provides opportunity to bring forward drilling for
        CY2015 spud
       
*Cautionary Statement: The estimated quantities of petroleum that may be
potentially recovered by the application of a future development project relate
to undiscovered accumulations. These estimates have both an associated risk of
discovery and a risk of development. Further exploration, appraisal and
evaluation are required to determine the existence of a significant quantity of
potentially movable hydrocarbons. Prospective Resource assessments in this
release were estimated using probabilistic methods in accordance with SPE-PRMS
standards.

*Source: DeGolyer & MacNaughton, Independent Prospective Resources Report as of
December 31, 2014

Pursuant to the requirements of the ASX Listing Rules Chapter 5 the technical
information and resource reporting contained in this presentation was prepared
by, or under the supervision of, Mr Brent Villemarette, who is a Non Executive
Director of the Company. It has been produced for the Company, and at its
request, for adoption by the Directors. Mr Villemarette has more than 30 years
experience in the petroleum industry and is a qualified Reservoir Engineer who
has sufficient experience that is relevant to the style and nature of the oil
prospects under consideration and to the activities discussed in this document.
He has consented to the inclusion of the petroleum prospective resource
estimates prepared by DeGolyer & MacNaughton (as of 31 December 2014) and
supporting information being included in this announcement in the form and
context in which they are presented. His academic qualifications and industry
memberships appear on the Company's website and both comply with the criteria
for "Competence" under clauses 18-21 of the Valmin Code 2005. Terminology and
standards adopted by the Society of Petroleum Engineers "Petroleum Resources
Management System" have been applied in producing this document.

DAVID WALL
Managing Director

88 Energy Limited
Level 2, 5 Ord Street
West Perth WA 6005, Australia
Ph: + 61 8 9485 0990 
www.88energy.com


Contacts

RFC Ambrian Limited

As Nominated Adviser
Mr Oliver Morse
[phone]