88 Energy Limited (“88 Energy” or the “Company”) (ASX, AIM: 88E) is pleased to confirm that the Company’s latest corporate presentation, presented at its AGM,
Will be available on the 88 Energy website at www.88energy.com.
About Project Peregrine
Project Peregrine is located in the NPR-A region of the North Slope of Alaska and encompasses ~195,000 contiguous acres. It is situated on trend to recent discoveries in a newly successful play type in topset sands in the Nanushuk formation. 88 Energy has a 100% working interest in the project that will reduce to 50% post the completion of funding as part of a recent farm-in, whereby 88E is carried on the first US$10m (of an initially estimated US$12.6m total cost) for the Merlin-1 well.
The Merlin-1 well was spudded in March 2021 and targeted 645 million barrels of gross mean prospective resource#. Wireline logging at Merlin-1 is now complete and interpretation of results is underway. A second well, Harrier-1, is planned to be drilled in 2022 and is targeting gross mean prospective resource of 417 million barrels.
