PROJECT ICEWINE NORTH SLOPE OF ALASKA INVESTOR UPDATE APRIL 2016 PHASE I COMPLETE = PHASE II COMMENCED: ICEWINE2H APPRAISAL WELL
Project Icewine: World Class Location, World Class Prize Alaskan Armstrong/Repsol Explorers: 1.4b barrels (2C) CY20154 Kuparuk River Prudhoe Bay 3.5b barrels3 15b barrels3 Alpine 0.7b barrels3 BP Caelus ConocoPhillips…
Company Snapshot Corporate 88 Energy Limited Current Board and Management Burgundy Xploration (ASX, AIM: 88E) JV Partner Shares on Issue 3,177m Michael Evans Non-Exec Chairman Paul M. Basinski, Founder & CEO Options on Issue 548m David…
Project Icewine Highlights PREMIER ACREAGE POSITION IN STRATEGIC TIER 1 LOCATION 272,422 gross acres (174,000 acres subject to formal award mid 2016) First acres leased by Burgundy Xploration in 2012, expanded to 98,182 acres in 2015 in…
Project Icewine Timeline Project Generation to Fully Funded Successful Evaluation Driving Drilling in only 12 Months Partnering / Funding for Next Phase Acquired rights Funding / Multiple fund raisings G&G work and to additional…
What Makes a Top Tier Liquids-Rich Resource Play FLOW RATE IS KEY DRIVERAHEAD OF OIL PRICE AND COST WHAT CHARACTERISTICS DETERMINE FLOW RATE HOW DOES ICEWINE MEASURE UP TODAY VISCOSITY PRESSURE Measure of how easily hydrocarbon…
HRZ Liquids Rich Play: PHASE I Formation Evaluation - COMPLETE Whole core evaluation pivotal to understanding ICEWINE 1: POST DRILL HRZ EVALUATION HRZ shale oil play 2015 2016 Methodology requires multi-disciplinary Q4 1Q 2Q…
Icewine1 Evaluation - By the Numbers Metric (Unit) Result Comment / Comparison Thermal Maturity Volatile Oil High rate, recovery, & performance GRI Matrix Permeability 10X Eagle Ford Very good for volatile oil resource plays Gross /…
Project Icewine HRZ Prospective Resource Internal Assessment 2.6 Billion Barrels Gross Mean Prospective Recoverable Resource from HRZ - Liquids Only P90 P50 P10 Mean Pc Gross Liquids Resource (mmbbl) 1,594 2,471 3,830 2,602 50% Net…
Phase II - Icewine2H Appraisal Well Horizontal Multi Stage Frac Icewine2H Overview Objective to prove production potential of HRZ reservoir Permitting and planning commenced February 2016 Scheduled for completion by year end Design…
Icewine1 Drilling Summary Well spudded on October 22nd 2015…
Project Icewine 2D Seismic 750km 2D seismic acquisition commenced March 2016 Co-funded via Bank of America Credit Facility (secured against 75% State of Alaska rebate) 25% complete as at 7th April 2016 Designed to: De-risk drilling…
Summary and Next Steps Summary: Phase 1 Complete Indicating Icewine 1 cored a new resource play in the HRZ shale Large resource potential 985mmbbl to 2.6 billion barrels Phase 2 Has Commenced Flow test HRZ shale via horizontal well…
Board and Key Management Mr David Wall Managing Director Mr Michael Evans Non-Executive Chairman 4 years experience in strategy and planning at Woodside Extensive executive and Board level experience Petroleum. with publicly listed…
Contacts Managing Director: Brokers: David Wall Australia dwall88energy.com Hartleys Ltd As Corporate Advisor: Mr Dale Bryan + 61 8 9268 2829 Registered Office: Level 1, 83 Havelock St, West Perth United Kingdom WA 6005 Cenkos…
D&M Independent Assessment - Tables Cautionary Statement: The estimated quantities of petroleum that may be potentially recovered by the application of a future development project relate to undiscovered accumulations. These estimates…
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