All it takes is one major discovery on the North Slope to turn an explorer into a substantial Independent.
Yes, there have been a long string of disappointments in 88E's exploration program over the last several years. But... no... it is not a Ponzi scheme. And, with Pantheon's recent oil discovery adjacent to the Icewine leases, and with the other exploration/production prospects that remain in 88E's quiver, I remain optimistic about the company's future potential.
We'll see. The CR is reassuring from my perspective.
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