88 Energy Ltd (EEENF)

[Sage7243]

In order to take a stake of 50% in Project Peregrine, APDC will contribute US$11.3 million towards the project."
https://finfeed.com/small-caps/energy/88e-farmout-sees-partner-take-most-merlin-1-drilling-costs/

So, they put up over 11 MILLION DOLLARS to capture half of the PROFITS from this well.

I disagree. I think that the Alaska Peregrine Development Corporation LLC (APDC) must be comprised of a bunch of wealthy amateurs who just want to spend their time in the snow. They must be--else why would so many investors sell their shares to wealthy investment forms like they are doing RIGHT NOW?

I bought another 75,000 just in case you are right...as a hedge, you know.