EPR 0.00% 0.7¢ essential petroleum resources limited

rig moving to fermat, page-19

  1. 6,352 Posts.
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    Thanks for the reminder about Stachans valuation in his 05-08-08 issue
    I note the 17cps discovery value was based on 25% interest but it seems likely EPR will farmdown based on the chairmans comments at the agm.

    Prior to the rig problems at Spikey Beach, I guess EPR management thought they had a few more weeks to finalise funding. Continuous disclosure obligations will require EPR to announce any farmout deal or lack of thereof.
    I note they're still quoting 25% interest in their releases.
    Interesting to watch from the sidelines.
 
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