Penguin Solutions, Inc.

88 Energy Limited is an Australian oil and gas exploration and production company with a strategic focus on North American energy assets. The company operates through multiple segments, including oil and gas exploration in Alaska and Namibia and production activities in Texas, USA. Notably, 88 Energy holds significant land positions on the North Slope of Alaska, including projects such as Phoenix and Icewine West, which contain substantial conventional resource potential. Additionally, it maintains non-operated exploration interests in Namibia and production exposures in the Permian Basin, Texas, supporting its exploration activities. Established in 1996 and headquartered in Subiaco, Australia, 88 Energy aims to develop a diversified portfolio of high-quality acreage and production assets, combining pre-development, appraisal, and exploration projects supported by stable cash flow contributions. The company's mission centers on delivering value to shareholders while contributing to the regions it operates in through responsible energy development.