亮点·
在 Hickory-1 发现井的 USFS 区域进行射孔和流量测试之前，井作业正在进行中。·
计划进行两次流量测试，在上部 SFS 和 SMD-B 油藏各进行一次，预计每次压裂和返排作业将进行大约十天。
·88 Energy 加强了其技术咨询团队，纳入了额外的工程专业知识，并且 Pantheon Resources 团队经验丰富的成员可以分享他们最新的相关知识和广泛的知识。·
将提供上 SFS 水库的结果回流活动完成后。

88 Energy Limited（88 Energy 或公司）很高兴地报告，Hickory-1 井已开始作业，井眼准备工作已完成，上部 SFS 区域的射孔将在压裂和流量测试之前开始。Hickory-1 井位于 88 Energy 的凤凰城项目区域内，紧邻跨阿拉斯加管道系统和道尔顿高速公路。

上部 SFS 将是第一个进行测试的区域，随后是 SMD-B 区域。每个区域将被独立隔离、刺激并使用氮气提升流至地面，以协助井的有效清理。每个区域的整个计划预计需要大约十天，但 88 Energy 可能会选择在回流计划期间调整时间表，以确保最佳的数据收集。

雪中​​建筑物前的标志自动生成描述将捕获大量数据，包括但不限于井下和地表流体样本、井下压力和温度数据、地表压力和温度数据。石油、天然气和水的流量也将被记录。

上部 SFS 水库测试完成后，作业将转向评估 SMD-B 水库。

Pantheon Resources 经验丰富的员工可以分享他们在邻近地区进行多次流量测试的最新相关知识和广泛知识。我们预计这些将在回流操作期间提供有价值的见解。88 Energy 还通过额外的工程专业知识加强了自己的内部技术咨询团队。

整个测试计划计划于 2024 年 3 月完成。

公司期待提供上部 SFS 流量测试完成情况的最新信息。

本公告已经董事会授权。

Highlights
· Well operations underway ahead of perforating and flow testing the USFS zone at the Hickory-1 discovery well.
· Two flow tests are scheduled, one each in the Upper SFS and SMD-B reservoirs, with each frac and flowback operation expected to take approximately ten days.
· 88 Energy has strengthened its technical advisory team to include additional engineering expertise, as well as experienced members of the Pantheon Resources team being available to share their relevant recent and extensive knowledge.
· Results from the Upper SFS reservoir will be available on completion of flow back activities.

88 Energy Limited (88 Energy or the Company) is pleased to report that well operations have commenced at the Hickory-1 well, with well bore preparations complete and perforation of the Upper SFS zone to begin ahead of fracking and flow testing. The Hickory-1 well is located within 88 Energy's Project Phoenix acreage, directly adjacent to the Trans-Alaska Pipeline System and the Dalton Highway.

The Upper SFS will be the first zone tested followed by the SMD-B zone. Each zone will be independently isolated, stimulated and flowed to surface using nitrogen lift to assist in the efficient clean-up of the well. The entire program for each zone is expected to take approximately ten days, however 88 Energy may choose to adjust the schedule during the flow back program to ensure optimal data collection.

A sign in front of a building in the snow Description automatically generatedAn extensive suite of data will to be captured, including but not limited to downhole and surface fluid samples, downhole pressure and temperature data, surface pressure and temperature data. Flow rates of oil, gas and water will also be recorded.

Upon completion of testing the Upper SFS reservoir, operations will then move to evaluating the SMD-B reservoir.

Experienced members of the Pantheon Resources staff are being made available to share their relevant recent and extensive knowledge of multiple flow tests on adjacent acreage. We expect these will be valuable insights during flow back operations. 88 Energy has also strengthened its own internal technical advisory team with additional engineering expertise.

The entire testing program is scheduled for completion during March 2024.

The Company looks forward to providing an update on completion of the Upper SFS flow test.

This announcement has been authorised by the Board.