EPR 0.00% 0.7¢ essential petroleum resources limited

rig moving to fermat, page-30

  1. 7,936 Posts.
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    EPR only had $1.6M at end of last qtr which leaves them little room for funding P46.

    With this small cash position and the possibility of P46 being a duster they should reach a position where their final interest is fully funded. The weaker oil/gas prices will unfortunately undermine their position in farmout negotiations. This may mean they end up with 12.5 percent or less. Any more i think would be be a win for EPR.

    If P46 is a duster then a placement under 3c would be ugly.
 
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