This gas is worth over $20mil to the jv partners. Once they commence production the need for further capital raising should be very minimal. EBR should be trading at about 8c+ IMO so looks cheap right now. Expect a burst of excitement at opening today.(yesterdays announcement was aftermarket) The next wells could be valued at 13cps and then 20 cps to EBR.(see march Qtr report) They also intend to revisit Emily1 so lots of potential here. Also waiting on copper results from Myall Creek and heaps of other projects. DYOR but don't miss out!!
fc
20 million dollar find
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