REG - 88 Energy Limited - Directorate Change

88 EnergyAnnouncement

22/08/2025 07:00

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RNS Number : 2914W  88 Energy Limited  22 August 2025

22 August 2025

88 Energy Limited

 

RETIREMENT OF NON-EXECUTIVE CHAIRMAN AND APPOINTMENT OF NEW CHAIR

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company)
advises that Mr Philip Byrne has retired as Non-Executive Chairman and from
the Board of 88 Energy, effective 22 August 2025. The Board is pleased to
announce the appointment of Ms Joanne Williams as Non-Executive Chair,
effective immediately.

Mr Byrne has served as Non-Executive Chairman of 88 Energy since August 2021,
drawing on more than 40 years of international petroleum industry experience
spanning exploration, commercial and senior executive roles. His steady
leadership and trusted counsel have been deeply valued by the Board and
management alike, particularly during the Company's leadership transition in
2021.

Ms Williams, who joined the Board on the same date as Mr Byrne in August 2021,
is a petroleum engineer with over 25 years' experience across the
international oil and gas industry. She has held senior executive and Board
roles in a range of ASX-listed and international energy companies and is
currently a Director of Buru Energy Limited and the Chief Operating Officer
and a Director of Jadestone Energy plc. Her technical expertise and deep
sector experience position her well to lead the Board through 88 Energy's next
phase of growth, as it shifts its focus fully on its core exploration growth
pillars:

·   Alaska: Progressing near-term exploration and appraisal activity at
Project Leonis and Project Phoenix, with strong prospectivity and the
potential to deliver transformational value outcomes.

·   Namibia: Advancing early-stage exploration in PEL 93, providing
material frontier exposure within a globally prospective emerging petroleum
province, following multiple high-profile discoveries in adjacent acreage.

·

Non-Executive Chair, Ms Joanne Williams, commented:

"On behalf of the Board, I would like to thank Phil for his leadership and
support during his tenure as Chair of our Company. It has been an absolute
pleasure to work alongside him."

"I continue to be very excited by the opportunities ahead for our Company and
look forward to continuing to support our efforts to deliver on our strategic
priorities. Our focus is firmly on advancing our high-impact Alaskan oil
assets, Project Phoenix, which is now a materially de-risked discovery ready
for production testing, and Project Leonis, which represents a
multi-reservoir,  large-scale opportunity. Your Board and management team are
committed to a data-led approach to unlocking the next wave of oil and gas
exploration success."

 

Board Composition

The current Board comprises Ms Joanne Williams (Non-Executive Chair), Mr
Ashley Gilbert (Managing Director), and Dr Stephen Staley (Non-Executive
Director). This composition reflects a stable and experienced leadership team
with deep sector knowledge and strong alignment with 88 Energy's strategic
objectives.

The Board considers its current size and structure appropriate for the scale
and complexity of the business. The existing mix of skills, experience and
independence provides sound governance and effective oversight. As such, no
further changes to the Board composition are planned at this time.

 

This announcement has been authorised by the Board.

 

 Media and Investor Relations
 88 Energy Ltd

 Ashley Gilbert, Managing Director

 Tel: +61 (0)8 9485 0990

 Email:investor-relations@88energy.com

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