Latest 88e News

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• Permit to Drill Approved for Winx-1 exploration well
• Ice road construction progressing well o Rig mobilisation planned for early February
• Spud remains on schedule for mid-late February 2019


· Ice road construction commenced for Winx-1 exploration well

· Winx-1 Permit to Drill submitted

· Spud schedule for mid-late February 2019


• Multiple high-quality parties active in conventional dataroom Deadline for bids extended due to request o Deal now targeted for 1Q 2019
• Initial HRZ review by Baker Hughes encouraging o Additional value add analysis now underway ahead of finalising farm-out package
• Yukon Leases - 3D seismic processing continues with inversion now underway
• Western Leases – Winx-1 exploration well on schedule for February 2019 spud

17/12/2018 WINX Permits



Yukon Leases Maiden Resource: Net Mean Prospective Oil Resource - 90 MMBO

Cascade lead upgraded to prospect - Brookian Turbidite Fan Play

Additional prospectivity mapped within Staines Tongue Topset Play

Project Icewine Net Mean Prospective Oil Resource - 2,211 MMBO

Farm-out process continues as planned, with deal targeted prior to year-end 2018

Western Blocks Net Mean Prospective Oil Resource - 144 MMBO

Stacked Brookian objectives including Nanushuk Topset Play

The Winx-1 well is on schedule to commence drilling in February 2019

88 Energy Total Conventional Net Mean Prospective Oil Resource - 2,445 MMBO

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