Replies to post #22251 on 88 Energy Ltd (EEENF)

[Waggs]

How sweet a deal is this ???.....

· APDC to earn 50% in Project Peregrine by contributing US$11.3m towards the cost of the Merlin-1 well (estimated gross cost US$12.6m)

· 88E to contribute $1.3m, representing its 50% share over and above a US$10m carry

· All additional costs associated with the project above the US$10m carry will be borne equally by APDC and 88E

$EEENF !!!