88 Energy Limited provided the following update related to its operations on the North Slope of Alaska. Highlights: Encouraging evidence of oil in down hole samples being investigated in laboratory. Additional fluorescence recorded at previously unidentified depths. Final payment of vendors in stock to be made. Details: 88 Energy has recently received and finalised its review of the report related to the downhole sampling program, that was undertaken during the logging of the Merlin-1 well using Halliburton's Reservoir Description Tool. As previously reported, observations from an optical fluid analysis sensor had indicated the likely presence of oil in the formation fluid across several of the depths that were sampled. As part of standard procedure, the pressure in the sample chambers was decreased to see changes to the quantum and composition of the fluids at closer to normal surface conditions. Observations from a more accurate optical sensor were then made; however, this data was in raw format and only verbal comments had been received by 88E, which indicated an increased fraction of resins and asphaltenes, which can only be associated with the presence of oil. The raw data has since been processed and presented in a final report from the RDT logging run. These results are shown below for two of the samples where the pressure was taken to below 100psi (atmospheric pressure is ~15psi), the pressure in the third sample was only decreased to 403psi.