EPR 0.00% 0.7¢ essential petroleum resources limited

some movement at the station, page-5

  1. sle
    7,430 Posts.
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    yep spoke to a company representative recently and the two wells will be drilled towards the end of Jan 2008 with a good outcome resulting in a third well being drilled.
    Add in PRL13 which at the low end will result in .8MMBbl and obviously the partners will try and extract more of the 7 million there with EPR to grab 20% of the stakes so money to come in though how much at this point is still to be determined.
    VP/50 is the elephant and I believe Currie will be their first target out of here but this will not be for awhile due to drill availability. The presentation shows the magnitude of this area and one find of significance in here would put many EPR shareholders into overnight millionaire status.
    The two or three drills first off in late Jan 2008 are apparently low risk ventures so hopefully success will be on the cards. Holding.
 
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