Operations
Project Icewine, Alaska
- Operator on majority of ~475,000 contiguous acres onshore Alaska in prolific oil-rich province with multiple objectives;
- ~ 301,000 acres net to 88 Energy;
- 63.4% Working Interest, 10 year leasehold, 16.5% royalty and strategically located in the heart of the play and close to infrastructure;
- Unconventional primary objective in shale complex that sourced the 13 BN barrel Prudhoe Bay Oil Field – opportunity identified by first mover in the Eagle Ford;
- Shallow secondary conventional objective is the hottest play on the North Slope with 88 Energy acreage offset by multiple recent discoveries;
- Excellent fiscal terms with cash rebates on historical exploration expenditure.
Yukon Gold, Alaska (subject to formal award)
- Recent high bidder on additional 15,520 acres (100% 88 Energy);
- Contains historic oil discovery, located nearby to recently commissioned infrastructure;
- Low cost, opportunistic acquisition;
- Internal assessment underway;
Corporate Presentation Link
31st January 2018
Project Icewine Overview Animation
