EPR 0.00% 0.7¢ essential petroleum resources limited

west triton rig spudding fermat-1, page-42

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    Interesting point. I looked through previous announcements but was unable to determine what exactly they got for Beach's 50%. The announcement stated they would be carried substantially through the seismic acquisition and drilling program expected to cost in excess of $20 million dollars. (see here http://www.asx.com.au/asxpdf/20060324/pdf/3w0xlb8jvr6l0.pdf)

    Yet here we are with EPR needing money to participate so they could not have got that much for 50% of the permit.
 
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