TIDM88E

RNS Number : 4557D

88 Energy Limited

26 June 2019

26(th) 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:

o execution of closing documents

o 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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END

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June 26, 2019 02:00 ET (06:00 GMT)

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