88E RMP PANR – Operations Update: Surface Casing Successfully Run

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

Surface casing has been run to ~2,500′, as planned

Drilling of intermediate section scheduled to commence week beginning 25th February

Western Leases – Winx-1 Exploration Well

The Winx-1 exploration well was drilled to ~2,500′ on the 20thFebruary (AK time), as scheduled, and casing has been run successfully. The forward plan includes cementing of casing in place; a mandatory test of the blow out preventer system, drilling out cement into the 8.5″ hole and performing a formation integrity test. Post these activities, drilling will commence in the intermediate section of the well, where the primary Nanushuk target formation will be intersected.

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