RMP 0.00% 1.7¢ red emperor resources nl

Gracjan Lambert Interview

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    G. Lambert interview in Podcast. Very good interview, compelling investment.


    Ice-road construction in early Jan & ice-pad construction & rig mob early Feb and spud mid to late Feb. 


    Blue sky upside potential on oil discovery. Targeting light sweet crude oil, 126 mbbls net to RMP; $5 per barrel (conservatively) $500 million net to RMP.


    Less risky than wild-cat exploration well. It's in Alaska, de-risked by 3 billion oil discovery nearby in the sand they are targeting.


    Based on 20 years experience, this is lower end of exploration risk matrix. 


    www.voxmarkets.co.uk (32 min onwards)

 
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