88 Energy Ltd (ASX, AIM:88E) Icewine#2 Operations update

88 Energy Limited (“88 Energy”, “the Company”, “Operator”) (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.

• Icewine#2 4.5” production liner successfully cemented in place
o Arctic Fox rig demobilisation to commence shortly
• Preparations on track for execution of main stimulation in 3rd week of June
• Production testing remains on schedule for late June / early July

Icewine#2 Operations Update

Cementing of the 4.5” liner in the production hole section (through the HRZ) was completed successfully over the weekend, without incident.
Final preparations for the main stimulation are underway, with execution expected in the 3rd week of June.
Production testing remains on schedule for late June / early July.

Managing Director of 88 Energy Limited, Dave Wall commented:

“The Alaska team have successfully completed the Icewine#2 well on schedule, after an effective adjustment to the completion plan, post the initial unsuccessful attempt to set the production liner. Everything is now lining up for execution of the main stimulation operation, with flow testing of the HRZ on target for late June.”

Further updates will be made as and when appropriate throughout the drilling / testing program.


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