Exxon spent 4 billion dollars to set up the Port Thompson gas condensate facility in Alaska. That was around 8 TCF
https://corporate.exxonmobil.com/Locations/United-States/Alaska/ExxonMobil-Point-Thomson-reservoir
PMO walking away means 88E now have 100% of this gas condensate discovery. Having 100% will allow them to farm it, if the results are good from the samples taken.
So they have now 100% of HRZ shale and 100% of this gas condensate discovery - both of which can add serious value.
Just a case of being patient.
HRZ shale if proven is worth multiples of todays price.
If this condensate discovery is good, and attracts Exxon's attention, that will be interesting too.
The good thing is, the recent CR done at 2.1 cents.......... 88E now have 12m$ cash and no immediate fund raising needs.
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