88 Energy Limited provided update on related to its projects on the North Slope of Alaska. Project Peregrine: Operations remain on track for the scheduled February spud of the Merlin-1 well at 88 Energy's Project Peregrine. Merlin-1 will target the Nanushuk topset play that has been recently successful in offset acreage as well as elsewhere on the North Slope of Alaska. Schedule permitting, the Harrier-1 well will be drilled directly after Merlin-1 has been completed and, potentially, flow tested. Snow road construction to the Merlin-1 and Harrier-1 locations commenced in the second half of December 2020, with work currently focused on the first 30 miles of snow road within NPR-A. All American Oilfield's Rig 111 is currently being re-assembled post deconstruction as part of the commissioning process prior to handover and mobilisation to site. Rig 111 was contracted in December 2020 to drill the Merlin-1 and Harrier-1 wells. Project Icewine The Talitha-A well, to be drilled by Pantheon Resources PLC (AIM:PANR) close to the northern border of the 88E central acreage position, is scheduled to spud in the first half of January 2021. Several of the prospective horizons in Talitha-A are interpreted to extend into 88E acreage. In-house analysis has commenced on various commercialisation options for the gas condensate discovered in the Torok Formation by 88E's Charlie-1 well in 2020. The discovered resource comprises over 1 TCF of independently estimated gross mean prospective gas as well as associated condensate. The commercialisation options include, but are not limited to, possible local power generation, compressed natural gas as well as potential for conversion to hydrogen using steam methane reforming (SMR) with carbon capture and storage (CCS) processes. It is expected that this work will move to a formal feasibility stage during 2021.