88 Energy Ltd (EEENF)

[mox00]

The Merlin-1 well is spud in March 2021 and is targeting 645 million barrels of gross mean prospective resource#. A second well, Harrier-1, is planned to be drilled in 2022 and is targeting gross mean prospective resource of 417 million barrels#.
Independent Resource Assessment#
#Please refer to release dated 23 February 2021 for full details with respect to the Prospective Resource estimate, associated risking and applicable Cautionary Statement.
Each of the Merlin and Harrier prospects is located on trend to an existing discovery, in the same play type (Nanushuk topsets). This has de-risked the prospects considerably and resulted in a relatively high independently estimated geologic chance of success.






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