Investor Briefing

RNS Number : 9010V

88 Energy Limited

02 February 2017

 

2 February 2017

Investor Briefing London 20^th February 2017

88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to invite investors and analysts to register their interest for attendance at an Investor Briefing to be held in central London on 20^th February 2017, commencing at 4.30 p.m..

Registration details and further information will be supplied upon successful confirmation communication by the Company with each recipient. 88 Energy reserves the right to select attendees at its sole discretion. The session will be recorded and made available on the Company's website for those unable to attend in person.

In order to register, please follow these instructions.

Send an email to [e-mail] with the specified format:

Subject: RSVP Investor Briefing

Message Body

Full Name:

Email address:

Phone number:

Shareholder Status: (type either HOLDER or NON HOLDER)

The information obtained will kept strictly confidential by the Company and used only for the purpose of this Investor Briefing.

Managing Director of 88 Energy Limited, Dave Wall commented:

"We are looking forward to the opportunity to provide a more personal update to investors in relation to the upcoming drilling program at Icewine#2."

Media and Investor Relations:

88 Energy Ltd

Dave Wall, Managing Director                                    Tel: [phone]

Finlay Thomson, Investor Relations                           Tel: [phone]

Hartleys Ltd

Dale Bryan                                                                  Tel: [phone]

Cenkos Securities

Neil McDonald/Derrick Lee                                         Tel: [phone]

About 88 Energy: 88 Energy has a 77.5% working interest and operatorship in ~271,000 acres onshore the prolific North Slope of Alaska ("Project Icewine"). The North Slope is the host to the 15 billion barrel Prudhoe Bay oilfield complex, the largest conventional oil pool in North America. The Company, with its Joint Venture partner Burgundy Xploration, has identified three highly prospective play types that are likely to exist on the Project Icewine acreage - two conventional and one unconventional. The large unconventional resource potential of Project Icewine was independently verified by leading international petroleum resource consultant DeGolyer and MacNaughton. In addition to the interpreted high prospectivity, the project is strategically located on a year-round operational access road and only 35 miles south of Pump Station 1 where Prudhoe Bay feeds into the Trans Alaska Pipeline System. The Company has recently acquired 2D seismic to take advantage of the globally unique fiscal system in Alaska, which allowed for up to 75% of 1H2016 exploration expenditure to be rebated in cash. Interim results from this seismic are encouraging, having identified several large leads. In late 2015, the Company completed its maiden well at the project, Icewine#1, to evaluate an unconventional source rock reservoir play which yielded excellent results from analysis of core obtained from the HRZ shale. A follow-up well with a multi-stage stimulation and test of the HRZ shale, Icewine#2, is planned for 1Q2017.

 

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