RE: asx ann25 Jun 2018 08:52
Agreement to Drill High Impact Well with Consortium
88 Energy Limited (ASX/AIM:88E), along with Otto Energy Ltd (ASX:OEL) and Red Emperor Limited
(ASX/AIM:RMP), collectively the “Consortium Partners”, is pleased to advise that it has executed a
binding term sheet agreement with Great Bear Petroleum Ventures II LLC (“Great Bear”) to acquire
the majority of Great Bear’s working interest in the four leases comprising the Western Blocks (ADL
391718; ADL 391719; ADL 391720; ADL 391721). The leases are located immediately adjacent to
the Horseshoe#1/1A well, which discovered oil in 2017.