88 Energy Limited provided the following update in relation to its operations on the North Slope of Alaska and the ongoing testing programme following the drilling of the Merlin-1 well. Highlights: Additional Phase One geochemical analysis of fluid extracts from Merlin-1 core samples again demonstrates the presence of hydrocarbons; Results from Phase Two of side-wall core trim analysis are expected in the next few weeks, including quantitative extraction, SARA, isotopes and biomarker analysis; Phase Two is designed to confirm not only the presence of oil but also the nature of the source rock, enhancing understanding of the likely quality of the oil as well as migration pathways; VAS and gas analysis results also expected in coming weeks; Final analysis and results from Merlin-1 post well testing program expected to be concluded by end of July with announcement of full results summary targeted for early August.