88E

88 Energy Web Site Address
http://88energy.com/

88E_UA5_010.png

Strategy
88 Energy’s purpose is to build a successful exploration and production company that delivers material returns to its shareholders and contributes to stakeholders and development of the regions in which it operates in. 88 Energy has adopted the World Economic Forum Environment, Social, Governance (ESG) reporting framework to report against key sustainability metrics including governance, ethical behaviour, carbon emissions, water consumption, diversity and inclusion.

Directors and Management

MR Philip Byrne
Non-Executive Chairman
A petroleum geologist with over 40 years’ experience in the international oil and gas industry. Previously Executive VP Marketing & Trading, Commercial & Business Development, for Santos Energy, MD & CEO of Nido Petroleum, President of the North-West Shelf Australia LNG organisation (the JV marketing arm of the NW Shelf LNG Project) and roles with BHP.

Mr Ashley Gilbert
Managing Director
Mr Gilbert was appointed as Managing Director on 10 May 2021. Prior to his appointment, he was Chief Financial Officer and Company Secretary of 88 Energy. He is a Chartered Accountant with more than 20 years’ experience in commerce and public practice.
Prior to 88 Energy Mr Gilbert was C.F.O. of Neptune Marine Services Ltd, a leading provider of integrated oil field services, and also C.F.O. of Nido Petroleum Ltd (ASX:NDO) for just under 10 years. He has also held various finance positions within Woodside Petroleum Limited, GlaxoSmithKline plc. in London and public practice in taxation, auditing, business development, financial management and governance roles.
Mr Gilbert graduated from Curtin University of Technology with a Bachelor of Commerce (Accounting & Business Administration), and completed various post-graduate studies with professional bodies including with the Chartered Accountants in Australia & New Zealand, Australian Institute of Company Directors and Governance Institute of Australia.

Dr Stephen Staley
Non-Executive Director
Dr Stephen Staley ( Non-Executive Director, appointed 9 April 2014). Dr Staley has 30 years’ of management and technical experience in the European, African and Asian oil, gas and power sectors, including with Conoco and BP.

Ms JOANNE Kendrick
Non-Executive Director
A petroleum engineer with over 25 years’ experience in the global oil and gas sector. Currently Non-Executive Director of Buru Energy Limited & Sacgasco Limited. Previously held Board and senior management positions with various international oil and gas companies including MD and CEO of Blue Star Helium.

Mr Erik Opstad
General Manager of Alaskan Operations
Mr. Erik Opstad has been General Manager of Alaskan Operations at 88 Energy Limited since May 2015. Mr. Opstad is a 35 year veteran of the oil and gas industry with a broad range of experience in the value chain. He has drilling engineering experience combined with a geological background and has a demonstrated focus on project execution and cost control. His experience was as Principal and General Manager / Drilling & Wells Manager for Savant Alaska LLC, a successful …

Wholly Owned Companies

Accumulate Energy Alaska
https://www.commerce.alaska.gov/CBP/Main/Document/Corp/?r=630168&v=929668&d=1456911
Vehicle for Project Icewine Operations & Leases

Regenerate Alaska Inc.
https://www.commerce.alaska.gov/CBP/Main/Document/Corp/?r=810609&v=1062529&d=2033639
Vehicle for Yukon Gold Operations & Leases

Captivate Energy Alaska, Inc.
Entity #: 10086188
https://www.commerce.alaska.gov/cbp/main/Search/EntityDetail/10086188
Vehicle for Western Leases (Horseshoe)

Emerald House LLC
Entity #: 10092881
Vehicle for Project Peregrine ex. XCD Company now owned 100% by Regenerate Alaska Inc.

Longhorn Energy
Further to the non-binding Memorandum of Understanding referred the ASX/AIM releases of 14
February 2022, the Company is pleased to announce that on 18 February 2022, 88 Energy, via its newly
formed wholly owned subsidiary Longhorn Energy Investments LLC, entered into a binding SPA with
Lonestar I, LLC (Lonestar), to acquire a 75% ownership interest in Bighorn Energy, LLC (Bighorn) the
owner of the assets.

https://www.hartenergy.com/exclusives/ice-road-drillers-27611 ALASKA field trip 2015

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