Project Icewine Conventional Farmout Update

RNS Number : 4557D

88 Energy Limited

26 June 2019

 

26^th June 2019

88 Energy Limited 

Project Icewine Conventional Farmout Update

88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") provides the following update related to the farmout process for its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska.

Highlights

·    Farminee internal approvals complete, including Board sign-off

·    Farm-out deal now subject to:

o  execution of closing documents

o  standard conditions precedent, mainly related to transfer of working interests

·    Well planning and permitting required for 2020 drilling now ramping up

Additional details will be provided post signing.

Media and Investor Relations:

88 Energy Ltd

Dave Wall, Managing Director                                                   Tel: [phone]

Email: [e-mail] 

Finlay Thomson, Investor Relations                                         Tel: [phone]

Hartleys Ltd

Dale Bryan                                                                                  Tel: + 61 8 9268 2829

Cenkos Securities                                                                    Tel: + 44 131 220 6939

Neil McDonald/Derrick Lee

 

END

 

 

UPDFFMJTMBTTMAL