Project Icewine Conventional Farmout Update

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:

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