REG - 88 Energy Limited - Schrader Bluff 3D Seismic Survey Secured

88 EnergyAnnouncement

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RNS Number : 3792Q  88 Energy Limited  27 January 2026

This announcement contains insider information

27 January 2026

 
88 Energy Limited

 

SCHRADER BLUFF 3D SEISMIC SURVEY SECURED TO ADVANCE SOUTH PRUDHOE EXPLORATION

 

88 Energy Limited (ASX: 88E, AIM:88E, OTC:EEENF) (88 Energyor the Company) is
pleased to announce that it has secured access to the Schrader Bluff 3D
seismic dataset, recently released by the Alaska Department of Natural
Resources, Oil and Gas Division.

Securing the Schrader Bluff 3D seismic dataset is directly aligned with the
Company's data and infrastructure driven approach to exploration across
Alaska's North Slope. The survey provides high quality subsurface coverage
across the North-West Hub of the South Prudhoe acreage, adjacent to the
largest onshore oilfield in the United States - the Prudhoe Bay Unit - and
materially strengthens the technical foundation for future exploration
decisions.

Interpretation of the dataset will support the maturation of multiple
prospects, inform an internal update to prospective resource estimation and
assist in the identification and optimisation of future well locations
adjacent to established producing fields and existing infrastructure.

 

 

Importance of the Schrader Bluff 3D Seismic Survey

The Schrader Bluff 3D seismic survey provides high-resolution subsurface
imaging that is expected to capture additional prospectivity on the North
Slope, Alaska. The dataset materially enhances 88 Energy's ability to:

·    Refine structural and stratigraphic interpretation across the South
Prudhoe leases, while improving correlation of key horizons and reservoir
intervals with regional fields and discoveries to 88E prospects, strengthening
confidence in both existing and emerging prospectivity.

·    Advance prospect definitionwithin key Ivishak, Kuparuk, plus the
additional Brookian,

intervals, which represent stacked, high-potential reservoirs.

·    De-risk multiple low-to-moderate risk structures identified on 3D
datasets already held by 88 Energy and supported by offset well data,
including the historical Hemi Springs State-1.

This data is to be incorporated in 88 Energy's internal exploration database
and will help optimise and support investment for the drilling program,
currently scheduled for Q1 2027. It marks the beginning of an exciting phase
of opportunity generation by organic growth and will be closely followed by
purchase of the Kad River 3D Survey release in March 2026 which covers the new
Kad River East leases secure by 88 Energy in the Fall 2025 North Slope Bid
Round (refer to announcement dated 20 November 2025).

88 Energy has been able to leverage the State of Alaska's Tax Credit Seismic
3D program, which makes historic 3D seismic datasets publicly available at a
small fraction of their original acquisition cost. This initiative which is
unique in scale compared to most global jurisdictions, was established by the
State of Alaska to encourage ongoing exploration investment and broader
industry access to high‑quality subsurface datasets.

Access to these low‑cost, high‑resolution surveys significantly shortens
the usual timeframe between acreage acquisition and prospect maturation,
enabling 88E to rapidly correlate key regional wells, legacy discoveries and
proven reservoir intervals to newly acquired lease positions.

 

Upcoming Internal Prospective Resource Update

88 Energy confirms that updated internal prospective resource estimates for
the South Prudhoe acreage position are expected to be released in Q1 CY2026.
These estimates will follow detailed interpretation of the Schrader Bluff 3D
in conjunction with Storms 3D and other licensed datasets.

The updated internal estimates will cover the Ivishak and Kuparuk reservoirs,
as well as the shallower Brookian formations, and will build on the Company's
strategy to target multi-zone oil and gas exploration upside adjacent to
proven producing reservoirs.

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- (mailto:investor-relations@88energy.com)
 relations@88energy.com (mailto:investor-relations@88energy.com)
 Fivemark Partners
 Michael Vaughan                                                   Tel: +61 (0)422 602 720
 EurozHartleys Ltd
 Chelsey Kidner                                                    Tel: +61 (0)8 9268 2829
 Cavendish Capital Markets Limited
 Derrick Lee / Pearl Kellie                                        Tel: +44 (0) 131 220 6939
 Hannam & Partners
 Leif Powis / Neil Passmore                                        Tel: +44 (0) 207 907 8500

 

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