88E RMP – Operations Update – Spud on Schedule

88 Energy Limited (“88 Energy” or the “Company”, ASX:88E, AIM 88E) is pleased to advise the following in relation to its oil and gas operations on the North Slope of Alaska.

Highlights: Winx-1 

o  Spud on schedule for 15^th February (AK time) – final preparations underway

Western Leases – Winx-1 Exploration Well

The Nordic Rig#3 arrived on location, as planned, on the 7^thFebruary (AK time). Rig up activities have proceeded smoothly and final preparations for spud are now underway. The call to “crew-up” was made at 0530 14^th February (AK time), which usually indicates spud will occur within 24 hours. Regular updates will be made during the drilling operations.