Ann: Project Leonis Acreage Awarded, page-4

Good news. Southern tip of the acreage is closest to Alkaid wells, TAPS and Dalton highway. The announcement language is more upbeat than Hickory and references to previous drill and adjacent discoveries are promising. The key challenge to 88E is capital and the current SP is restrictive. It seems share consilidation of atleast 10:1 is necessary though in my experience it is always diminishes market cap. In the event of consolidation 88E should move away from issues shares to their buddies (& SI) instead raise it in open market to avoid continuously diluting shareholding of smallish holders. IMHO. DYOR.