Ann: Operations Update - Permit to Drill Approved, page-40

Jcjoyce - is you compare the shares in issue of each company - RMP 525m shares in issue with a market cap of 21m - in contrast to 88E roughly 6.3 billion shares and market cap of 73 mil GBP, then with reasonably similar percentage stake in winx, a successful drill (120m barrels x 3-5$ per barrel) would therefore be worth many times more of the market cap RMP leading to a more significant rerate and likely larger build up pre drill. On the other hand 88E have multiple projects on going which probably gives more stability in the long run and in case of an ill fated duster meaning may not plummet as low on failure unlike RMP which could be considered a one or two trick pony. Just my 2 cents of how Ive interpreted it- would be keen to hear the opinion of others. That being said, the announcement of a quality farm out may see 88E start to really motor upwards. But as a LTH all I’ve been accustomed to is DW dangling the carrot and ultimately moving the goal posts - hoping this time it is different! Good luck in your investment.