Stockanalysis quoted 22% chance of success for Fermat, perhaps on advise from EPR ? Thats quite high and one wonders why EPR had to give 75% of the prospect away to get it drill ready if the chance of success was that high.
EPR's participation in Fermat is pending further farmdown of their remaining 25% Drilling is already past 1000mtrs and no word yet of a farminee. If EPR fail to obtain the required funding, I'm wondering if BPT and/or Mitwells farmin contract automatically awards them EPR's 25% interest in return for covering EPR's default on drilling costs.
EPR Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
