Highlights
• Announced high bidder on two parcels of acreage totalling ~32,800 gross acres
Bid Details
88 Energy Ltd via its subsidiary companies, Accumulate Energy Alaska Inc and Regenerate Alaska
Inc, was announced high bidder on 32,800 gross acres on 6th December (AK time) as part of the
North Slope Areawide 2017W lease sale.
The two parcels are subject to regulatory approvals and formal award, expected in 2018. Joint
Venture Partner, Burgundy Xploration LLC, has a right to back in to ~2,590 acres contained within
Parcel 1, adjacent and to the west of the existing Project Icewine leases.
Additional detail will be provided on the new leases in due course.
Ann: Lease Update, page-3
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