88 Energy: Alaska North Slope Assets Positioning Strategy Pays Off

Alaska Central North Slope: Multiple High Quality Assets in Portfolio

  • 88E Operator/Manager on 4 active Exploration Projects across 355,000 net acres

  • Game changing near-term activity: drilling imminent (Winx -1Q19); two farm-outs pending (Icewine Conventional - 2H18, HRZ - 1H19) and 3D results (Cascade - 4Q18)

Icewine* : Large Conventional Prospect Portfolio – 1.75 Billion Barrels Oil Net to 88E#

  • Multiple stacked prospects mapped on modern 3D seismic - farm-out targeted 2H18

  • Seismic inversion highlighting new potential and de-risking reservoir for proven oil

Western Blocks: 400 MMBO Prospect (144 MMBO Net to 88E) to be Drilled in 1Q2019

  • Winx Prospect generated on 3D seismic, adjacent to Horseshoe#1 Oil Discovery (Nanushuk)

Yukon Leases: Existing Discovery – Processing of 3D Seismic Underway

  • 100% owned by 88E, initial results from fast-track processing highly encouraging

  • Initial volumetric evaluation on schedule for 4Q18

Icewine* : HRZ Liquids Rich Resource Play – 0.8-2.0 Billion Barrels Liquids**

  • De-risked by core/log analysis from Icewine#1 and successful stimulation of Icewine#2
  • Integration of Icewine#2 results underway – farm-out targeted 1H19

** Net Mean Prospective Resource based on 271,000 gross acres, #Net Mean Prospective Resource

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88 EnergyAlaskaAlaska North SlopeUnited StatesIcewineProject Icewineonshore

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