Latest 88e News

Readers should be aware that not all statements may be factual or correct, please verify and research independently where possible.

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12/04/2021
Highlights
• Sidewall cores in Merlin-1 confirm presence of oil previously observed in cuttings
https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61027932

06/04/2021
Highlights
• Initial petrophysical interpretation indicates several potential pay zones in Merlin-1
• New prospective horizon identified at Project Peregrine
• Operational issues prevent hydrocarbon samples from two most prospective zone

https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61027309

31/03/2021
Operations Update
Highlights
• Interpretation of logging while drilling data (“LWD”) indicates multiple potentially hydrocarbon
bearing zones have been encountered in the Nanushuk Formation whilst drilling Merlin-1
• Wireline logging will commence shortly to confirm whether mobile hydrocarbons are present
https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61026929

29/03/2021
Highlights
• Interpretation of logging while drilling data (“LWD”) indicates multiple potentially hydrocarbon
bearing zones have been encountered in the Nanushuk Formation whilst drilling Merlin-1
• Wireline logging will commence shortly to confirm whether mobile hydrocarbons are present
https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61026354

22/03/2021
Highlights
• Merlin-1 production hole drilling to commence imminently
• At market share subscription agreement executed
http://clients3.weblink.com.au/pdf/88E/02355881.pdf

15/03/2021
Response to ASX Price and Volume Query
https://wcsecure.weblink.com.au/pdf/88E/02353633.pdf

10/03/2021
Operations Update
https://www.asx.com.au/asxpdf/20210311/pdf/44tk29tw1mt3f4.pdf

01/03/2021
Operations Update
https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61022690
Rig Mobilisation Underway
Spud Scheduled for 8th March

23/02/2021
PROJECT PEREGRINE PROSPECTIVE RESOURCES REPORT
http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61021400

18/02/2021
Highlights
• Rig commissioning complete - mobilisation commenced for Merlin-1 drilling
• Drilling scheduled to commence 1st week of March 2021
• Nearby Talitha-A well early results encouraging – potential for extension into 88E leases
https://clients3.weblink.com.au/pdf/88E/02343348.pdf

https://finfeed.com/small-caps/energy/88-energy-prepares-spud-while-neighbour-has-success/

11/02/2021
Result of Placing

https://www.londonstockexchange.com/news-article/88E/result-of-placing/14861801

10/02/2021
Board changes
The Board also wishes to advise shareholders that Mr David Wall has tendered his resignation as Managing Director and will leave the Company in May 2021. Mr Wall will continue in his role and oversee the upcoming drilling and testing programme at Project Peregrine as well as the abandonment operations at the Umiat Oil Field. The Company will transition the role of Managing Director to Mr Ashley Gilbert, the Company's current CFO and Company Secretary, who will initially take on the role on an acting basis prior to Mr Wall's departure, ensuring an appropriate handover occurs. It is also proposed that Mr Gilbert will be appointed to the Board as an Executive Director, subject to the completion of regulatory due diligence being carried out by the Company's Nominated Adviser. Mr Gilbert, who has been with the Company since 2017, is an experienced Oil and Gas and finance executive with significant international experience. A further announcement regarding Mr Gilbert's proposed appointment to the Board will be made in due course.
https://www.lse.co.uk/rns/88E/proposed-placing-to-raise-up-to-a12m-gduccqqitlbb13j.html

31/01/2021
Operations Update
Permit to Drill for the Merlin-1 well approved
• Field operations fully underway
• Rig commissioning almost complete, mobilisation expected within days
• Well spud expected in late February / early March 20
https://clients3.weblink.com.au/pdf/88E/02336184.pdf

27/01/2021
Operations Update
https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61016935
https://www.proactiveinvestors.co.uk/companies/news/939594/88-energy-rallies-as-company-readies-for-permit-and-start-of-merlin-well-operations-939594.html

24/01/2021
Operations Update
https://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61016708

22/01/2021
Operations Update
http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61016485
https://www.lse.co.uk/rns/88E/operations-update-ff6zk01i3agb8ci.html

21/01/2021
Operations Update
https://www.lse.co.uk/rns/88E/operations-update-x281hs8o1e8pjif.html
https://www.proactiveinvestors.co.uk/companies/news/939084/88-energy-continues-to-advance-icewine-and-peregrine-opportunities-939084.html

20/01/2021
ANWR News (see 08/01/21)
https://www.blm.gov/press-release/leases-issued-anwr-coastal-plain-oil-gas-program
https://hotcopper.com.au/threads/news-88e-update-2-trump-administration-issues-last-minute-arctic-refuge-drilling-leases.5863142/?post_id=50294858#.YAfvqDlxdPY

15/01/2021
Umiat Oil Field Purchase
https://www.petroleumnews.com/pntruncate/302658531.shtml

11/01/2021
Umiat Oil Field Purchase
http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61015127
http://www.searchanddiscovery.com/abstracts/html/2009/arctic/abstracts/huckabay.htm
https://finfeed.com/small-caps/energy/88-energy-acquires-strategically-situated-umiat-oil-field/amp/
Well Data available at https://dggs.alaska.gov/gmc/seismic-well-data.php

08/01/2021
Operations Update**
High bidder on tract 29 Coastal Plain Lease Sale
Adjacent to existing Yukon Leases and Point Thomson field

07/01/2021
88 Energy highlights multiple share price catalysts

https://finfeed.com/small-caps/energy/88-energy-highlights-multiple-share-price-catalysts/?utm_campaign=88E-20210107&utm_source=facebook.com&utm_medium=social&fbclid=IwAR1FOP3QXIRme82II_4pb3lIid2OwbbkJRlU5MUrdmP-YHOoCTGT5KQNLGY

06/01/2020
Operations Update
· Snow road construction commenced for Project Peregrine drilling

· Rig 111 commission underway

· Spud on track for mid to late February 2021

· Drilling on neighbouring acreage January 2021

· Commercialisation options being explored for gas discovered at Project Icewine
https://www.londonstockexchange.com/news-article/88E/operations-update/14815558
https://clients3.weblink.com.au/pdf/88E/02328771.pdf

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