EMP 0.00% 2.1¢ emperor energy limited

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  1. 17,248 Posts.
    lightbulb Created with Sketch. 52
    It may turn out the way you portray lifesgood,but I'd prefer for OBL to go solo with oxx in the wings, for a while longer yet.
    OBL does have the Lind finance in place,we may as well use it IMHO.
    bru's participation in EP/487 wont materially escalate the prospectivety of the permit IMHO near term.
    As bru have government approval to drill and frack four wells in their own permits,OBL IMHO need not bother overly with EP/487 in the short term and should concentrate on the Backreef oil prospects,bru will do OBL's work for them at no cost to OBL in relation to the Laurel formation.


    I'm not across the farmout details to oxx,does OBL have pre-emptive rights over oxx's 25 percent?


    Should there be a major waiting in the wings to farm into EP/487,or a cashed up junior in the form of a cue perhaps the bigger OBL's permit holding the better IMHO.

    Raider


    In the land of the blind,the one eyed man is King.
 
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