88 Energy : Investor Presentation - July 2020

EXPANDED PORTFOLIO UPDATE

CRITICAL MASS ON THE NORTH SLOPE OF ALASKA

JULY 2020 UPDATE

www.88energy.com	Nordic Rig #3
	NORDIC CALISTA SERVICES

North Slope Oil & Gas

Major Discoveries and Acreage Map

	Alpine^3	Pikka^4
	0.5BN	1.4BN	Kuparuk^3	Prudhoe Bay^3
Willow^5	barrels	barrels	7BN barrels	15BN barrels
0.75BN	Greater
barrels	Mooses
	Tooth

	Oil Search ASX	PROJECT ICEWINE
	November 2017
	US$850m transaction HRZ Shale Play:
Harpoon-2		0.8^1	- 2.0^2 BBO*
	Conventional:	Alkaid-1
PROJECT PEREGRINE		1.0^2	BBO* (under review)

Conventional: 1.6^1 BBO*

Pt Thomson

YUKON

LEASES

90 MMBO*

HEAVENLY #1

APPRAISAL

Farm-out to commence post Charlie-1 integration

P R O J E C T I C E W I N E

CHARLIE #1
Torok condensate	ICEWINE #1 & #2
discovery / light oil	HRZ wells
interpreted in
Seabee

* Net mean prospective resource		88E - 325,000 net acres WI: 64-100%
^1 Independent Est., ^2 Internal Est., ^3 Source USGS 2005, ^4 Armstrong 2016,		XCD - ~195,000 acres WI:100%
^5 Conoco 2018

2

88 Energy Corporate Snapshot

88 Energy Ltd			88E Board				Project List	Working	Net
(ASX, AIM: 88E)	Current		and Management					Interest	Acres
Shares on Issue	8,712m		David Wall		Managing Director
Project Icewine	Operator	~310,000
Options on Issue	181m		Michael Evans		Non-Exec Chairman
				64-100%
Market Cap.	A$43m		Dr Stephen Staley		Non-Exec Director
		Operator
(A$0.05)							Project Peregrine	~195,000
							100%
Cash (June 30)*	A$7.2m		Ashley Gilbert		Chief Financial Officer
		Operator
Board and Top 20	59%		Erik Opstad		General Manager,			Yukon Leases	15,235
			100%
					Alaska Operations

ASX: 88E Share Price			3.00c	Planned Activity
		Charlie-1			• Integrate results
	A$5m	condensate
			from Charlie-1
Icewine	equity raise	discovery		2.50c
conventional	@2.1c
farmout executed				• Farm-out Icewine
				2.00c
				conventional
	Charlie-1			1.50c	• Permit and Farm-out
	Permit to Drill		Compulsory		Project Peregrine
	Approved		acquisition of
			XCD	1.00c	• Aggregate nearby
					resources and farm-
	A$6.75m	88E		0.50c	out Yukon Leases
	equity raise
	recommended
	@1.25c
	takeover of XCD			• Farm-out Icewine
				0.00c
				HRZ
08-20-2019	10-01-201911-12-201912-24-201902-04-2020	03-17-202004-28-2020	06-09-2020	07-21-2020
'Planned' are forward looking and subject to change, * includes XCD cash balance as at June 30			3

XCD Takeover - Clear Strategic Rationale:

Critical Mass on the North Slope of Alaska

Merger of 88 Energy and XCD Energy creates a substantially enhanced Alaska focussed oil exploration and appraisal company

1	Delivers an enhanced asset portfolio and project pipeline across three highly prospective
project areas: Project Icewine, Project Peregrine and Yukon Leases

2	Enhancement of 88E's already established oil exploration and appraisal company via the
addition of XCD's complementary exploration assets

3	Strengthened strategic, commercial, technical and financial acumen to optimise funding of
operations, including an increased liquidity and exposure to a larger global investor base

4	Ability to optimise operational activity with potential synergies associated with future
project development and infrastructure requirements

	88E has board, management and technical team with a proven track record for advancing
5	projects and delivering on milestones, including operational capability and execution of
	farm-out transactions

4

Alaska North Slope: Four Farm-outs Underway

Operator on Multiple World Class Assets

Alaska Central North Slope / NPR-A: Multiple High-Quality Assets in Portfolio

• 88E Operator on several exploration/appraisal projects across ~525,000 net acres

Project Peregrine: Recent addition - drilling planned early 2021

• Adds ~195,000 highly prospective exploration acres in NPR-A region of the North Slope of Alaska
• Large prospective resource, located on trend to recent discoveries
• Permitting commenced and farm-out discussions underway for drilling of two wells in 1H2021

Project Icewine: Charlie-1 Condensate Discovery / Further Farm-out to Commence

• Condensate discovery in Torok Fm announced April 2020, oil pay interpreted in Seabee Fm
• Excellent oil saturations indicated by core analysis in Seabee and Torok in Charlie-1
• Preferred drilling location away from Charlie-1 - more oily, with better reservoir quality
• Farm-outprocess to be relaunched with integration of positive Charlie-1 data

Yukon Leases: Existing Discovery - Interpretation Complete on 3D seismic (2018)

• ~90 million barrels mean prospective oil resource (100% 88E)
• Negotiations underway with nearby resource owners to aggregate and farm-out

Icewine: HRZ Liquids Rich Resource Play

•	De-risked by three wells: Icewine#1, Icewine#2 and Charlie#1
•	Results from Charlie-1 analysis of HRZ expected to facilitate farm-out process
5

Charlie-1 Sidewall Core Analysis:

Excellent Oil Saturations in Seabee and Torok Fm

• Saturations were measured from sidewall cores taken whilst drilling the Charlie-1 well
• Two different techniques used by separate labs to confirm results
• Excellent oil saturations evident in primary targets in the Seabee and Torok formations
• Gas / oil ratio from test in the Torok under investigation - possibly the result of preferential flow of more mobile gas
• Reservoir at this location relatively tight, as expected, but comparable to other wells that have achieved good flow on stimulation

Dean Stark Measurement
Sample		Measured			Saturations
Depth	Porosity
ID	Formation	Oil	Water	Total
	(%)
26	8759.96	8.03	Seabee	48%	50%	98%
23	9053.03	3.33	Seabee	39%	57%	96%
19	10070.02	6.72	Torok	51%	37%	88%
17	10173.01	8.46	Torok	24%	62%	86%
9	10517.99	6.94	Torok	54%	27%	81%
8	10540.99	7.64	Torok	62%	22%	84%
5	10608.97	7.18	Torok	54%	23%	77%
1	10667.01	8.66	Torok	54%	21%	74%
35	10972.97	13.31	Kuparuk	38%	40%	79%
NMR Measurement (mobile phase only)
Sample					Saturations
No	Depth	Porosity (%)	Formation	Oil	Water	Gas
27	8438.7	6.4	Seabee	37%	52%	11%
4	10636.05	7.6	Torok	44%	17%	39%
37	10948.96	11.8	Kuparuk	38%	30%	32%

Reporting requirements under LR 5.30
The Charlie-1 well is located on the North Slope of Alaska, ADL 393380, where 88 Energy has a 30% working interest (increasing to 75%). The well
penetrated sandstones in seven stacked targets and shale in one target. No flow tests were undertaken; however, gas condensate samples were
retrieved to surface from the Torok formation at 10,506' and 10,656' using a downhole sampling tool (Ora) run during the wireline operation. Sidewall	6

cores were also taken at multiple depths as per the tables above.

Sidewall Core Analysis (cont.)

• Reservoir quality in the Seabee Fm interpreted to improve away from the Charlie-1 location
• • Oil likely sourced from the underlying HUE shale with low gas / oil ratio
• Less gas likely in the Torok Fm updip from Charlie-1 due to lower thermal maturity of the HRZ shale source rock
• Recent nearby successful well, Alkaid-1, considered analogous for reservoir quality at Charlie-1
• • Alkaid-1flowed 100 barrels per day from a 6ft perforated section in a vertical well*
• Reservoir modelling of stimulation of Seabee and Torok Formations underway to understand flow potential

*Source: Pantheon Resources PLC 25 March 2019

7

Inversion - First Look:

Seabee Sands Oil Saturated and Extensive

• Following the integration of state-of-the-art modern log data from Charlie-1, oil saturated, reservoir quality sands in the Seabee Fm can now be resolved with high confidence on seismic
• • Previously not possible
• Improved reservoir quality clearly evident away from the Charlie-1 location - both updip and downdip
• Seabee hydrocarbons proven: in Malguk-1 by oil observed over the shakers at surface; in cores from Heavenly-1; and now in cores from Charlie-1
• Torok Fm re-mapping also underway with several additional leads identified

Inversion match: seismic => oil saturations in wells

Heavenly-1

Charlie-1

Extensive oil saturated sands now mappable

Heavenly-1

Charlie-1

8

Project Icewine: Preferred Drilling Location Re-launch of Farm-out Underway

• Preferred		drilling	location
validated	by	early	Charlie-1

interpretation => basis of re- launch of farm-out

• Evidence for oil (with less gas) in the Seabee and Torok at this location compelling - based on well data and regional thermal maturity model
• Better reservoir quality also interpreted using new seismic inversion from Charlie-1 data
• Eight separate Seabee and Torok targets to be intersected - four of which have been demonstrated to contain hydrocarbons in the Heavenly, Malguk or Charlie wells
• Large additional potential identified in the Seabee: "Upper
  Lima North"

Charlie-1

Current prospect outlines will be remapped using updated inversion model with integrated Charlie-1 data

9

Preferred Drilling Location: More Oil and Better Reservoir

Interpreted Near Heavenly-1

• Heavenly-1:Torok Formation
• • Hydrocarbon saturations in core up to 39% from Dean Stark (note: because Heavenly-1 was drilled with water based mud, Dean Stark method estimates the minimum hydrocarbon saturation in each sample)
  • Shows described as 80-90% fluorescence with strong to very strong hydrocarbon odour; fluorescence colour: yellow-white; cut colour: straw; cut fluorescence: bright milky white
  • Mud gas ratios indicative of oil (Haworth, Pixler)
• Heavenly-1:Seabee Formation
• • Upper Lima North prospect evident on seismic mapping - coincident with the evidence for oil as described below
  • Shows described as 85-100% fluorescence with strong to very strong hydrocarbon odour; fluorescence colour: light yellow; cut colour: straw; cut fluorescence: yellow white to blue white with light oil observed bleeding from core (note: live oil observed over shakers when drilling through Seabee targets in Malguk-1)
  • Mud gas ratios indicative of oil (Haworth, Pixler)

10

Project Peregrine: Aggressively Pursuing

Drilling of Multiple Wells in 2021

• Project located between major oil 88 Energy discoveries at Willow to the North (Conoco:COP) and Umiat to the South
• 1.6 billion barrels mean prospective resource across 3 prospects (see next slide)
• 2 prospects (Merlin and Harrier), totalling >1 billion barrels, to be tested by drilling in 2021
• Both located on trend to existing recent discoveries
• Harrier prospect de-risked by hydrocarbons at COP's Harpoon-2 well in early 2020
• Permitting and farm-out discussions underway
• Innovativelow cost optionto allow two wells to be drilled for ~US$15m

• Unparalleled "bang for buck" opportunity	11

Project Peregrine (continued)

• Both Harrier and Merlin prospects in Nanushuk Fm interpreted to be on trend
  with similar seismic signatures to COP's Harpoon and Willow discoveries, respectively, to the North
• Consequently, chance of success is considered relatively high despite being mapped on 2D seismic only
• 88E internal validation of legacy interpretation and selection of drilling locations complete
• Drilling proposed to de-risk prospects as is more cost effective than acquisition of 3D seismic

HARRIER - ON TREND TO HARPOON DISCOVERY

INDEPENDENT RESOURCE ASSESSMENT*

• Please refer to the XCD's (currently being compulsorily acquired by 88E) ASX release dated 20 May
  2020 for full details with respect to the Merlin Lead Prospective Resource estimate, associated risking 12

and applicable Cautionary Statement.

Yukon Leases Highlights

• Existing historic oil discovery on acreage - Yukon Gold-1 (1993/ 94)
• Oil saturations interpreted across two intervals in multiple sands within the Tertiary Canning Fm

• Good effective porosity interpreted >18%	Cascade

• Mapped on modern 3D seismic (88E, 2018)
• Yukon leases located in close proximity to newly commissioned Pt Thomson infrastructure (2016)
• Opportunity to appraise & tie-in to existing facility
• Negotiations underway to aggregate additional nearby discovered resources
• 90 MMBO prospective resource (mean unrisked) mapped on acreage net to 88E (88E 100% WI)
• Cascade: channelised fan feature mapped updip of Yukon Gold-1

YUKON LEASES

Prospective Oil Resource (Unrisked)

MMBO

Prospects & Leads

Formation / Play

Low

Best

High

Net Mean

to 88E

Prospective Resources classified in accordance with SPE-PRMS as at 7th

Cascade

Canning / Fan

23.7

64

162

82.3

November 2018 using probabilistic and deterministic methods on an

unrisked basis. Prospects and Leads identified from interpretation of

PETM1

Staines Tongue / Topset

3.3

5.7

9.9

6.2

modern 3D seismic acquired in 2018 across the Yukon Leases, which

comprises 15,235 gross acres on the Central North Slope of Alaska. 88

PETM2

Staines Tongue / Topset

0.2

0.8

2.3

1.1

Energy is Operator of record at the Yukon Leases (through its wholly

13

TOTAL PROSPECTIVE OIL RESOURCE

89.6

owned subsidiary Regenerate Alaska, Inc) with a 100% working interest.

Icewine HRZ Shale Play:

Encouraging Results to Date

Project Icewine captured the HRZ sweet spot in over-pressured,low-viscositysuper-critical phase oil

• Data supports move to horizontal appraisal drilling and further fairway delineation
• Insights into kerogen transformation gained from advanced electron microscope analysis (FIB-SEM)
• Initial geochemistry results indicate more favourable thermal maturity for liquid hydrocarbon in the HRZ at the Charlie-1 location, as predicted
• Additional work to determine producibility ongoing

	• Thermal	⇒ 1.0-1.3	Modelling Shale Play Decision Points
	Maturity (Ro)	⇒ Type II
	• Kerogen Type
	• Permeability	⇒ 0.742
Key	(md)
⇒~11
Technical	• Effective
Take-Away	Porosity (%)	⇒ 3.5
	• TOC (%)
	• Pore Pressure	⇒ 0.82
	(psi/ft.)
	⇒ Low
	• Anisotropy
	• Play generated by ex-ConocoPhillips exploration
	manager who spearheaded COP's sweet-spot
	Eagle Ford acquisition
Qualitative	• HRZ fracced effectively in a vertical - now requires
Take-Away	horizontal test
	• HRZ contains necessary ingredients for
	commercial shale play - additional data required
	to delineate and advance
Indicative	• Analyse side wall cores coincident with
Go-Forward	conventional drilling locations (Charlie-1)
Work	• Additional FIB-SEM analysis on cuttings from
Program	regional wells

14

North Slope Projects

Summary

Project Icewine: Encouraging Charlie-1 Results to Facilitate Relaunch of Farm-out

• Charlie-1condensate discovery in Torok Fm and oil pay interpreted in Seabee Fm to form basis of farm-out
• Excellent oil saturations measured in core from Charlie-1 in Seabee and Torok Fm
• Updated seismic inversion using Charlie-1 data identifies additional prospectivity

Project Peregrine

• Aggressive pursuit of 2021 multi-well strategy to test >1 billion barrels* of prospective resource across two targets, Harrier and Merlin, that are on trend to recent existing discoveries
• Permitting and farm-out underway

Yukon Leases: Yukon Gold Existing Oil Field Discovery

• Low cost acquisition of existing oil discovery, close to infrastructure - assessment based on recently acquired 3D seismic highly encouraging
• Negotiations with other resources owners on aggregation strategy progressing well

Project Icewine: Unconventional - HRZ

• De-riskedby three wells, including Charlie-1, with results to date encouraging and consistent with early stage results from other successful plays
• Farm-outprocess planned to fund further appraisal

15

*gross/net mean prospective resource

Corporate Outlook

XCD Takeover - Project Peregrine: Permit, Farm-out 2H2020 => Drill 1H2021

• Now in compulsory acquisition phase - effectively complete
• Multiple locations being permitted for a planned two well drilling campaign, commencing 1H2021
• Drilling to be funded via farm-out
• Low cost rental regime $3/acre - paid up until February 2021

Project Icewine: Charlie-1 Integration and Farm-out

• Major costs associated drilling of Charlie-1 now closed out
• Lease rentals deferred in 2020 by State of Alaska due to COVID-19
• Charlie-1data integration underway - positive initial interpretation based on petrophysics, sidewall core saturations and early remapping using updated inversion model
• Farm-outto be relaunched in 3Q2020

Balance Sheet in Good Shape

• >A$7m in cash with no major expenditure items in 2020
• 2021 drilling to be funded via farm-out
• State of Alaska court case decision to enable payback of credits owed to 88E possible in near term
• • Potential to clear US$15m of debt from balance sheet in 2020

16

Board and Key Management

Mr David Wall - Managing Director

4 years experience in strategy and planning at Woodside Petroleum. 6 years experience in financial services industry as small cap oil and gas equities analyst, specialising in exploration companies.

B. Comm in Management and Finance from University of Western Australia.

Mr Michael Evans - Non-Executive Chairman

Extensive executive and Board level experience with publicly listed companies in the natural resources sector spanning over 30 years.

Founding Executive Chairman of ASX oil and gas explorer FAR Limited and was responsible for FAR's entire West African portfolio where significant oil discoveries were made in 2014. B Bus Curtin University, Chartered Accountant, Chartered Secretary, Governance Institute Australia

Dr Stephen Staley - Non-Executive Director

35 years of energy management and technical experience including with Conoco and BP. Dr Staley was founding Managing Director of upstream AIM start-ups Fastnet Oil & Gas plc and Independent Resources plc and a Non-executive

Director of Cove Energy plc. BSc (Hons.) in Geophysics from Edinburgh University, PhD in Petroleum Geology from Sheffield University and MBA from Warwick University.

Erik Opstad - General Manager Alaska Operations

37 years of energy project management and technical experience including with BP in Alaska, conducting both offshore and onshore operations. Mr. Opstad joined the 88 Energy team from Savant Alaska where, as a principal in the company, he served as Drilling & Wells Manager and General Manager driving geoscience and engineering redevelopment activities at the Badami oilfield on the North Slope of Alaska. Erik holds a BSc and MSc in Geology from the University of Iowa.

Mr Ashley Gilbert - Chief Financial Officer

Over 20 years experience in commerce and public practice. Prior roles include CFO of Neptune Marine Services and Nido Petroleum, as well as positions within Woodside Petroleum and GlaxoSmithKline plc. in London. B.Comm Curtin University, Chartered Accountant, Governance Institute

Australia, Institute of Company Directors GAICD

17

Disclaimer

This presentation ("Presentation") has been prepared 88 Energy Limited (the "Company" or "88 Energy") solely for informational meetings relating to it and is being delivered for information purposes only to a limited number of persons. By attending the meeting where this Presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations.

This Presentation is being supplied to you solely for your information. The Presentation does not purport to contain all information that a prospective investor may require. While the information contained herein has been prepared in good faith neither the Company nor its respective shareholders, directors, officers, agents, employees, or advisors give, has given or has authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. The information contained in this Presentation is not to be relied upon for any purpose whatsoever. In furnishing this Presentation, neither the Company or its respective shareholders, directors, officers, agents, employees or advisers undertakes or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation is confidential and is made available strictly on the basis that it will not be photocopied, reproduced, redistributed or disclosed, in whole or in part, to any other person at any time, nor its contents disclosed or used for any purpose, without the prior written consent of the Company.

The information contained in this Presentation should not be assumed to have been updated at any time subsequent to the date shown on the cover hereof. The distribution of this Presentation does not constitute a representation by any person that such information will be updated at any time after the date of this Presentation.

The information contained herein is intended for information purposes only and is neither an offering document nor for public distribution and are not intended to be, nor should they be construed to be, investment advice or a recommendation by 88 Energy or any of its shareholders, directors, officers, agents, employees or advisors. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumption and each recipient should satisfy itself in relation to such matters. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this Presentation. Any recommendations, forecasts, projections or other forward- looking statements regarding the purchase or sale of 88 Energy's securities may change without notice.

All statements contained herein that are not clearly historical in nature are forward-looking.Forward-looking statements may be identified by use of forward-looking words, such as "expects", "estimates", "plans", "assumes", "anticipates", "believes", "opinions", "forecasts", "projections", "guidance", "may", "could", "will", "potential", "intend", "should", "predict" (or the negative thereof) or other statements that are not statements of fact. Similarly, forward-looking statements in this Presentation include, but are not limited to, anticipated developments of 88 Energy's drilling projects and the timing thereof, capital investment levels and the allocation thereof, pipeline capacity, government royalty rates, reserve and resources estimates, the level of expenditures for compliance with environmental regulations, site restoration costs including abandonment and reclamation costs, exploration plans, acquisition and disposition plans including farm out plans, net cash flows, geographic expansion and plans for seismic surveys. Drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries. In addition, please note that statements relating to "reserves" or "resources" are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described can be profitably produced in the future. 88 Energy's discovered resources are not reserves. Such statements represent 88 Energy's internal projections, estimates or beliefs concerning, among other things, an outlook on the estimated amounts and timing of capital expenditures, anticipated future debt levels and incentive fees or revenues or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance.

These statements are only predictions. Actual events or results may differ materially. Although 88 Energy believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will be realized.

18

Disclaimer (cont.)

These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. New factors emerge from time to time and 88 Energy cannot assess the potential impact of any such factor on its activities or the extent to which any factor, or combination of factors, may cause actual future results to differ materially from those contained in any forward-looking statement.

Statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. These forward-looking statements are made as of the date hereof. Each of 88 Energy and its respective shareholders, directors, officers, agents, employees or advisers disclaim any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law or by any appropriate regulatory authority. Nothing in this Presentation or in documents referred to in it should be considered as a profit forecast and 88 Energy's forward- looking statements are expressly qualified in their entirety by this cautionary statement.

Past performance of the Company or its securities cannot be relied on as a guide to future performance. This Presentation does not constitute, or form part of or contain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose of any securities in the Company or advise persons to do so in any jurisdiction, nor shall it, or any part of it, form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment therefore. This Presentation does not constitute a recommendation regarding the securities of the Company. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this Presentation or on its completeness and no liability whatsoever is accepted for any loss howsoever arising from any use of this Presentation or its contents or otherwise in connection therewith. The Company and its respective directors, officers, employees, agents, representatives and/ or advisers shall not be responsible for any costs or expenses incurred by any recipient of this Presentation in connection with the appraisal or investigation of any information contained herein and/ or for any other costs and expenses incurred by such recipient.

The delivery or distribution of this Presentation in or to persons in certain jurisdictions may be restricted by law and persons into whose possession this Presentation comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

This Presentation is for information purposes only and shall not constitute an offer to buy, sell, issue or acquire, or the solicitation of an offer to buy, sell, issue or acquire, any securities. By attending this Presentation (or by accepting a copy of this Presentation and not immediately returning it), the recipient represents and warrants that it is a person to whom this Presentation may be delivered or distributed without a violation of the laws of any relevant jurisdiction. This Presentation is not to be disclosed to any other person or used for any other purpose and any other person who receives this Presentation should not rely or act upon it.

Pursuant to the requirements of the ASX Listing Rules Chapter 5 and the AIM Rules for Companies, the technical information and resource reporting contained in this Presentation was prepared by, or under the supervision of, Dr Stephen Staley, who is a Non Executive Director of the Company Dr Staley has more than 35 years' experience in the petroleum industry, is a Fellow of the Geological Society of London, and a qualified Geologist Geophysicist who has sufficient experience that is relevant to the style and nature of the oil prospects under consideration and to the activities discussed in this document Dr Staley has reviewed the information and supporting documentation referred to in this Presentation and considers the prospective resource estimates to be fairly represented and consents to its release in the form and context in which it appears His academic qualifications and industry memberships appear on the Company's website and both comply with the criteria for " under clause 3 1 of the Valmin Code 2015 Terminology and standards adopted by the Society of Petroleum Engineers "Petroleum Resources Management System" have been applied in producing this document.

19

Contacts

Managing Director: David Wall	Brokers:	Share Registry:
[e-mail]	Australia	ASX: Computershare
Registered Office:	Hartleys Ltd As Corporate Advisor:	Investor Services Pty Ltd
Level 2, 5 Ord St,	Mr Dale Bryan + 61 8 9268 2829	ASX: 88E
West Perth WA 6005	United Kingdom	AIM: Computershare
Postal Address:	Cenkos Securities Plc As Nominated Adviser & Broker:	Investor Services Pty Ltd
PO Box 1674,		Mr Neil McDonald	AIM: 88E
West Perth WA 6872	[phone] / [phone]
Telephone:	[phone]
Mr Derrick Lee
Facsimile:	[phone]
[phone] / [phone]
		Investor Relations
		Finlay Thomson: [phone]

Web: www.88energy.com