Latest 88e News

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Permit Application and Public Notice


Agreements executed for additional 45,239 acres net to 88 Energy

21/09/18 Audio The Forge London, Sep 2018


New Investor Presentation


Proactive Investors

Half Year Financial Report

Rig Contract for Western Blocks


**Rig Contract Executed for Western Blocks Drilling 1Q2019

Winx Prospect located in the proven Nanushuk Play Fairway

Permitting Progressing on Schedule**

Company Presentation August 2018

• Definitive Agreements Executed for Farm-in to Western Blocks
o Large Prospect to be Drilled 1Q2019
o Permitting underway
• Project Icewine Farm-out Dataroom Formally Opened
see also.

• Icewine#2 Well Suspended
• HRZ Farm-out Process Commenced


Horseshoe Leases Consortium (See separate Horseshoe page)

• Nitrogen lift continues at Icewine#2

• Nitrogen lift commenced at Icewine#2
• Yukon Gold and Western Margin leases formally awarded

• Flowback commenced at Icewine#2

• Pressure build-up analysis indicates no deterioration in fracture half-length
• Commencement of flowback at Icewine#2 on schedule for 11th June


• Site clearance works completed at Franklin Bluffs pad
• Memory gauges retrieved successfully
o Pressure build-up analysis underway
• Commencement of flowback at Icewine#2 on schedule for 11th June


• Production testing at Icewine#2 scheduled to recommence 11th June 2018
o Site clearance works commenced at Franklin Bluffs pad
o Final preparations for mobilisation of test equipment underway
• 3D seismic processing on schedule


Jack Jesse (Iceroad Truckers passing Geokinetics trucks on Dalton Highway 31/03/2018 (3 days after acquisition complete) (courtesy of Amnesic)


LONDON (Alliance News) - Oil and gas exploration firm 88 Energy Ltd said Tuesday it raised AUD17 million through a "significantly oversubscribed" placing.
88 Energy has conditionally placed 460.8 million shares at AUD0.037 each to raise gross proceeds of AUD17 million or GBP9.3 million. On Monday, 88 Energy planned to raise at least AUD12 million with the potential to extend this to AUD17 million in the event of oversubscription.
88 Energy said the placing was "significantly oversubscribed."
On Monday, 88 Energy explained the funds raised will be used to for its ongoing evaluation of its existing assets as well as to enable it to identify and exploit new opportunities on the North Slope of Alaska. It will also be used to strengthen the company's balance sheet.
After admission - expected next Wednesday - 88 Energy will have 5.56 billion shares outstanding.
Shares in 88 Energy were 2.4% lower at 2.17 pence on Tuesday.
By Ahren Lester; moc.swenecnailla|retselnerha#moc.swenecnailla|retselnerha.
Copyright 2018 Alliance News Limited. All Rights Reserved.

AGM Meeting Results
AGM Presentation
Ops Update

Rest in Peace in and thank you for what you gave. (See great picture of Paul at Franklin Bluffs 2015 in the AGM presentation)

It is with great sadness that the Board of 88 Energy Ltd (88E) acknowledge the passing of Paul Basinski due to unexpected complications resulting from a heart transplant operation.
Paul was the Founder and CEO of Burgundy Xploration LLC (Burgundy), 88E’s Joint Venture partner in Project Icewine. Paul was also the concept generator for the HRZ unconventional play, that 88E and Burgundy continue to pursue at Project Icewine. His contribution to the geoscience related to the HRZ play has been invaluable and he has left the Joint Venture in a strong position to advance the project to the next stage.
Paul was highly regarded in the oil and gas industry for his work in unconventional oil and gas exploration. He made a significant contribution to the industry over many years, including his role in early identification of the potential of the Eagle Ford shale, in Texas.
Our thoughts go out to Paul’s friends and family at this difficult and sad time.
Managing Director, Dave Wall, commented: “The loss that we are all feeling is impossible to put into words. Paul was a larger than life character who I am proud to say was not just a JV Partner but also a friend.
We will continue to pursue the HRZ play that Paul was instrumental in generating for us, as he would have desired.
He will be sorely missed.”

8th March 2018
88 Energy Limited
Option Proceeds and Expiry Update
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") is pleased to announce that approximately 98% of its listed $0.02 options ("Options") were exercised by option holders in advance of the 2 March 2018 expiration date.
A total of 405m Options were exercised by option holders, resulting in proceeds amounting to $8.1m being received by the Company.
Pursuant to the Option Underwriting Agreement announced on 12 February 2018, the underwriter Hartleys Limited or its sub-underwriters, will now take up 8.7m shares in the Company comprising the Shortfall.
The high proportion of Options exercised is an outstanding result for 88 Energy and along with the existing strong cash position ensures the Company is well funded for the next important programs of work, which include: further work at the Icewine#2 appraisal well; settling the acquisition of new acres on the North Slope; 3D seismic acquisition and for other ongoing exploration and leasing costs of Project Icewine.

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