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Ann: Revised Terms on Corporate Transaction with ERM Power, page-17

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Surandy70

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122

30/10/14

15:44

Post #: 14209101
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Originally posted by topender ↑

4 Claiming that 100% ownership of the tenements is vital to opening up any future JV
opportunities leaves me thinking that might be just a bit lame and lacking in substance, perhaps even a little
patronizing.
- ERM want to get out of the tenements? WHY?
- If EGO wants them out of the tenements? WHY?
- Why is this so vital NOW when the debt involved will almost certainly further curtail plans to drill
another well?

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Just on this point, I have seen cases where large multinationals have farmed into basin wide, or partial basin, permits where the permit holder does not have 100% interest. So is there a need for EGO to have 100% unless there is someone waiting in the wings that is insisting on them doing so.

EPW Price at posting: $1.68 Sentiment: None Disclosure: Not Held

EGO Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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