88 Energy Limited is an Australia-based oil and gas exploration company with a North American focus. The Company's projects include South Prudhoe, Kad River East, Phoenix and Namibia. The South Prudhoe project’s lease position covers approximately 52,269 acres within one of the prolific hydrocarbon fairways on the North Slope, immediately south of the Prudhoe Bay Unit and Kuparuk River Unit. The South Prudhoe project offers multiple prospects within the conventional Ivishak reservoir. The Kad River East project comprises seven leases covering approximately 17,920 gross acres east of the Trans Alaska Pipeline System (TAPS). The Phoenix project is an advanced conventional project on the North Slope of Alaska. The Company has approximately 74.3% working interest in Phoenix project. The Company holds an approximately 20% non-operated interest in PEL 93 in the Owambo Basin, onshore Namibia, under a three-stage farm in arrangement to earn up to a total of 45% working interest.