88 Energy Limited advised the following in relation to its oil and gas operations on the North Slope of Alaska. The company reported that Ice road construction commenced for Winx-1 exploration well. Winx-1 Permit to Drill submitted. Spud schedule for mid-late February 2019. Construction of the ~11 mile ice road to the Winx-1 exploration well location commenced on the 2nd January 2019, as planned. The ice road will take approximately three weeks to complete, ahead of construction of the ice pad upon which Nordic Rig#3 will be located for the drilling of Winx-1. Winx-1 is located ~4 miles east of the Horseshoe-1/1A well that significantly extended the highly successful Nanushuk play fairway to the south. Winx-1 will target gross best estimate prospective resource of 400 million barrels of oil (144 million barrels net to 88E) across multiple stacked objectives, including the Nanushuk, which is the primary target of the well.