An independent resource estimate at Project Icewine has assigned 1.77 billion barrels of gross mean prospective resources to the prospects in the vicinity of the Charlie-1 well (1.1bnbbls net to 88 Energy). Significantly, 1.4 billion barrels (889mmbbls net to 88 Energy) have been assigned to the Seabee Formation, where 88 Energy encountered substantial net pay and excellent oil saturations in the cores taken from this horizon during the drilling of the Charlie-1 well. At Project Peregrine, after ....
