Project Icewine Conventional Farmout Update

RNS Number : 4557D
88 Energy Limited
26 June 2019
 

26th June 2019

 

88 Energy Limited 

 

Project Icewine Conventional Farmout Update

 

88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") provides the following update related to the farmout process for its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska.

 

Highlights

·    Farminee internal approvals complete, including Board sign-off

·    Farm-out deal now subject to:

execution of closing documents

standard conditions precedent, mainly related to transfer of working interests

·    Well planning and permitting required for 2020 drilling now ramping up

 

Additional details will be provided post signing.

 

Media and Investor Relations:

 

88 Energy Ltd

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

Email: admin@88energy.com 

 

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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