The Extended Essay (EE) is one of the requirements of the IB Diploma Programme.
It provides students with an opportunity to conduct independent research on a topic of interest to them.
The point matrix is outlined in the "Diploma Points Matrix for the Extended Essay and TOK" grid in the IBO form.
You can still get your diploma if you get a "Mediocre" on one and an "Elementary" on another.
Find out if there are competitions or scholarship opportunities in which you can enter your essay.
Why not kill two birds with one stone and head off to university with a scholarship?
To get a diploma, you need to complete the TOK Essay and the Extended Essay.
At best, you can achieve 3 bonus points towards your IB diploma, so don't ignore your schoolwork, as your courses are worth much more.
However, you can make a very good essay, provided you allot yourself enough time to write about something you are interested in.
The IBO knows that you are between 16 and 18 years old and thus does not require a perfect essay or a groundbreaking new discovery.