88 Energy Limited (“88 Energy”, “the Company”, “Operator”) (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska.

Highlights

• Spud of Icewine#2 Production Test well occurred at 1915 24th April (Alaska time)
o Arctic Fox currently drilling ahead

Icewine#2 Drilling Commenced

Drilling at the Icewine#2 Production Test well commenced at 1915 24th April (Alaska time). The Arctic Fox rig is currently drilling ahead in the surface hole.

Production testing remains on schedule for late June / early July.

Further updates will be made as and when appropriate throughout the drilling / testing program.

Managing Director of 88 Energy Limited, Dave Wall commented:

“The spud of Icewine#2 represents another milestone for the Company and its shareholders and we now look forward to a safe operation, above all else.

It is only a few short weeks before production testing begins, which could unlock the huge resource potential of the HRZ shale play.”

For more information, please visit: http://88energy.com

For additional information on this project, please visit our ProjectsOGP database