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88 Energy Limited - Corporate Presentation

RNS Number : 8228D
88 Energy Limited
24 February 2020


88 Energy Limited


Corporate Presentation


88 Energy Limited ("88 Energy", "the Company") (ASX, AIM: 88E) is pleased to confirm that the Company's latest corporate presentation is now available at the link below and on the 88 Energy website at www.88energy.com.


Further to the announcement on 12 February 2020, the presentation confirms that rig mobilisation has commenced as well as outlining the expected drilling timetable and testing program for the upcoming Charlie-1 appraisal well, on the North Slope of Alaska, details of which are set out below.


Drilling and Logging

·    Drilling to Total Depth (planned ~11,400'), Logging While Drilling and Wireline Logging estimated to take ~30 days


State of the Art Subsurface Evaluation Program

·    Utilisation of the latest proven technology


·    Program specifically designed to evaluate:

Formations that may have laminations resulting in low resistivity pay

Formations with low to moderate permeability

Formations with considerable bound water


·    Prior to advent of specialist tools, the above challenges often resulted in pay being left behind


Flow Testing

·    Subsurface evaluation to be followed by up to two production tests


·    Zones of interest and final test design to be determined by results of logging


·    Each test estimated to take ~14 days



·    Total program estimated to take ~60 days, with reporting of results determined by materiality and continuous disclosure obligations




Media and Investor Relations:


88 Energy Ltd

Dave Wall, Managing Director                                                   Tel: +61 8 9485 0990

Email: [email protected] 


Finlay Thomson, Investor Relations                                         Tel: +44 7976 248471


Hartleys Ltd

Dale Bryan                                                                                  Tel: + 61 8 9268 2829


Cenkos Securities                                                                    Tel: + 44 131 220 6939

Neil McDonald/Derrick Lee


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Quick facts: 88 Energy Ltd

Price: 1.0125

Market: AIM
Market Cap: £71.99 m

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