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25 April 2017

88 Energy Limited

Icewine#2 Drilling Commenced

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 24^th April (Alaska time)
o Arctic Fox currently drilling ahead

Icewine#2 Drilling Commenced

Drilling at the Icewine#2 Production Test well commenced at 1915 24^th 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."


Media and Investor Relations:

88 Energy Ltd
Dave Wall, Managing Director Tel: +61 8 9485 0990