88 Energy Secures JV Funding and Expands Alaskan Oil Prospects

• Burgundy Xploration settles US$1 million cash call, commits to full carry for 2025/26 work program
• Project Leonis expands with four new lease blocks, unveiling significant Canning Formation prospect
• Project Longhorn production dips to 358 BOE/day due to gas plant incident, still generating positive cash flow
• Corporate costs reduced by 38% year-on-year, cash balance at A$7.2 million