It is with great sadness that the Board of 88 Energy Ltd (88E) acknowledge the passing of Paul Basinski due to unexpected complications resulting from a heart transplant operation.

Paul was the Founder and CEO of Burgundy Xploration LLC (Burgundy), 88E’s Joint Venture partner in Project Icewine. Paul was also the concept generator for the HRZ unconventional play, that 88E and Burgundy continue to pursue at Project Icewine. His contribution to the geoscience related to the HRZ play has been invaluable and he has left the Joint Venture in a strong position to advance the project to the next stage.

Paul was highly regarded in the oil and gas industry for his work in unconventional oil and gas exploration. He made a significant contribution to the industry over many years, including his role in early identification of the potential of the Eagle Ford shale, in Texas.

Our thoughts go out to Paul’s friends and family at this difficult and sad time.

Managing Director, Dave Wall, commented:
 “The loss that we are all feeling is impossible to put into words. Paul was a larger than life character who I am proud to say was not just a JV Partner but also a friend.

We will continue to pursue the HRZ play that Paul was instrumental in generating for us, as he would have desired.

He will be sorely missed.”