JUNE 2015 ROADSHOW PRESENTATION ABN 80 072 964 179
Project Icewine, Onshore Alaska Prime Acreage in Premier Oil Province Alaskan Explorers: Alpine Pool (Colville River) 500 MMBBL REC RESOURCES REPSOL Tarn ALKAID 1 PHECDA 1 WOLFBUTTON 25-6-9 X TALITHA 2 *…
Company Snapshot 88 Energy is an E&P company focused solely on a world Key ASX:88E AIM:88E class asset on the Central North Slope of Alaska with dual statistics conventional and unconventional liquids-rich objectives Stock Price 0.017…
Asset Highlights PREMIER ACREAGE POSITION IN STRATEGIC LOCATION Strategic location Prolific region: 35 miles south of largest conventional oilfield in North America (Prudhoe Bay 15B barrels) Operational year-round access: acreage…
Project Icewine, Onshore Alaska High Impact Conventional Discoveries: 2015 2015 Repsol discoveries highlight significant conventional potential yet to be discovered on the North Slope Analogous Brookian conventional play identified…
Corporate Timeline / Upcoming Catalysts Recent Milestones Indicative 12-Month Timeline* Completed Completed Contract Commence 3D placement of placement of drilling rig seismic shoot 1.2MM 6.9MM Spud Icewine 2 Finalize funding…
Unconventional Liquids Rich Play HRZ Three prolific & proven shales/ source rocks Clinoform Hue/ HRZ in Icewine acreage Source Rocks Unconventional Hue Shale: Hue / HRZ primary target includes HRZ primary target…
HRZ Liquids Rich Play in a Nutshell HRZ is a liquids rich play originated using highly successful methodology utilized in Eagle Ford Integration of comprehensive datasets including: petroleum system, thermal maturity, geologic…
HRZ - Unique Geologic History New unconventional play type: high-resource HRZ, Project Icewine, AK concentration backarc marine shale Backarc; abundant volcanic ash & glass HRZ highest quality oil source on Slope Rock composition and…
Icewine 1 High Impact Well Icewine 1 scheduled to spud 4Q 2015 De-risk and mature HRZ liquids rich shale play Well planning at advanced stage Experienced Drilling Manager contracted in Anchorage, Alaska Franklin Bluffs 1 Drill…
Icewine 1 Cross Section HRZ liquids rich shale test NORA Nora FEDERAL Federal - 1- 1 ICEWINE- ICEWINE-1 1 TALITHA Talitha 22 ALKAID 1 2015 Alkaid 1 Brookian gas Brookian gas shows shows Spud 4Q 2015 projected 2015 projected…
Indicative Exploration Program Program designed to fast-track evaluation of Icewine prospectivity Indicative Exploration Budget: 2H 2015 2016 Phase I: Underway Exploration well Icewine 1 : Project Budget Post Rebate * USD MM USD MM…
Multiple Conventional Play Types 1 Ranked Region in North America Central North Slope ranked 1 in the USA Brookian Topset Play *Illustrative e.g. Nanushuk sands with 4B barrels remaining potential Nanushuk Oil Pool (Repsol 2015) 100…
Brookian Stratigraphic Play Example NW SE Submarine channel sands Depositional Model DEPOSITIONAL MODEL Brookian Reservoirs Brookian Reservoirs Submarine fan sands Topsets: Fluvial, Topsets: Fluvial, Deltaic & Deltaic &…
Unconventional Success Case Illustrative Well Economics* *Illustrative Economics assume success, for which there is no guarantee Assumptions Well Economics Area Gross Spacing Well EUR per Opex Metric (US65 oil) Value Wells (Acres)…
Conventional Success Case Illustrative Well Economics* *Illustrative Economics assume success, for which there is no guarantee Assumptions Well Economics Area Gross Spacing Well EUR per Opex Metric (US65 oil) Value Wells (Acres) Cost…
North Slope Conventional Success Case Study: Armstrong/ Repsol Armstrongs farmout deal to Repsol yielded 94 fold return on implied value of acreage Repsol investment of US768m vindicated by 2015 program confirming two large…
Project Icewine, Onshore Alaska Investment Highlights Located in the premier petroleum province of North America which hosts the largest oil field complex in the United States 100,000 contiguous acre block onshore North Slope…
Near-Term Catalysts DRIVING VALUE CREATION 2H 2015 PROJECTED MILESTONES Execute lease contract for drilling rig Consummate financing for fast-tracked exploration and ongoing operations Secure ACES-backed debt facility on 75-85%…
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…