McArthur Basin, NT

I've been watching the Central Petroleum takeover offer by Mac Bank with a great deal of interest.

Empire Energy's largest shareholder (by a significant margin) is ..... Mac Bank with 15.5%

Now that the AEP partnership is off, and NEGI favours Empire's tenements, I'm thinking Mac Bank must be running the ruler over Empire's NT assets, or maybe the whole company.

Problem for shareholders is NEGI is some time off, and our depressed share price would make things easier for a suitor.

I had in the past considered a partner like BHP or Origin could at some stage be on the cards.

Just thinking there is so much more that could be done if a progressive, pro-development NT gov't provided the support to fast track establishment of a much needed gas hub in the Territory. Would be great for jobs, growth, cleaner energy and a solution for predicted East Coast gas shortages. I have read on another thread that Aust may in future import gas....

GLTH