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Shareholders in 88 Energy, Red Emperor and Pantheon stung by risks of oil exploration

Last week investors in oil and gas exploration plays 88 Energy (88E:AIM), Red Emperor Resources (RMP:AIM) and Pantheon Resources (PNR:AIM) were excited by the prospect of a big new discovery in Alaska. Seven days later and their hopes are in tatters as more detailed results from the Winx-1 well show it has definitively not made a commercial oil find. Pantheon dives 27.7% to 20.5p, 88 Energy ...
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