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88 Energy Limited (88E)
is a publicly listed company on the Australian Securities Exchange (ASX).


{{businessSummary}}

General Overview

About 88 Energy Limited

88 Energy Limited is an ASX and AIM listed exploration company that is Operator over ~272,000 gross acres with a 77.5% working interest (174,000 acres subject to formal award in mid 2016), onshore Alaska, in a world class exploration asset targeting liquids rich conventional and unconventional plays. The primary unconventional play, the HRZ interval, was recently evaluated successfully post the drilling of the maiden well at the project in late 2015, Icewine#1. Phase II is now underway, with appraisal drilling planned via the Icewine#2H well, which will be a horizontal well with a multi stage fracture stimulation and production test.


Strategy

The company’s goal is to build a successful exploration and production company that delivers material benefits to its shareholders and contributes to the development of the regions in which it works.

It aims to achieve this by targeting overlooked or emerging play types where its small team of experts can move quickly to capitalise on opportunities prior to larger industry players moving in.

The opportunities the company will seek will be based on robust technical evaluation together with informed socio-political decisions and cultural sensitivity in business relationships.


Projects

Alaska- Project Icewine

  • Operator on ~100,000 contiguous acres onshore Alaska in prolific oil-rich province with multiple objectives

  • 87.5% Working Interest, 10 year leasehold, 16.5% royalty and strategically located in the heart of the play and close to infrastructure

  • Untested unconventional primary objective in shale complex that sourced the 13 BN barrel Prudhoe Bay Oil Field - opportunity identified by first mover in the Eagle Ford

  • Shallow secondary conventional objective is the hottest play on the North Slope with 88 Energy acreage offset by two discoveries

  • Excellent fiscal terms with cash rebates up to 85% of exploration expenditure in CY2015



Contact Info

88 Energy Limited

Level 1
83 Havelock Street
West Perth, WA
AU Australia, 6005

Phone: +61 8 9485 0990
Fax: +61 8 9321 8990
Website: http://88energy.com/

Click here to view the interactive map
88 Energy Limited Google Map
88 Energy Limited Google Map

Share Registry

Computershare Investor Services Pty Limited - Click here to view share registry profile

Phone: +61 3 9415 5000
Fax: +61 3 9473 2500
Email: investor.relations@computershare.com.au
Website: http://www.computershare.com/

452 Johnston Street
Abbotsford, VIC
AU Australia, 3067


Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 08 Jun 2016.

All Financial Data is provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Share Prices nor any independent data provider is liable for any informational errors, omissions or other defects, incompleteness, or delays, or for any actions taken in reliance on Financial Data.

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