18:00 Mon 24 Feb 2020
88 Energy Limited - Corporate Presentation
Corporate Presentation
Further to the announcement on
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:
o Formations that may have laminations resulting in low resistivity pay
o Formations with low to moderate permeability
o 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
Reporting
· Total program estimated to take ~60 days, with reporting of results determined by materiality and continuous disclosure obligations
http://www.rns-pdf.londonstockexchange.com/rns/8228D_1-2020-2-23.pdf
Media and Investor Relations:
Email: admin@88energy.com
Finlay Thomson, Investor Relations Tel: +44 7976 248471
Dale Bryan Tel: + 61 8 9268 2829
Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald/Derrick Lee
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