- the commodity in that IPO was Uranium only over a 50km strike palaeochannel
- the lignite didnt go into the IPO
- EPS signed a farmin-JV on Lignite and after the farmin-JV anniversary date expired (Dec09) it appeared EPS did not meet its commitment hence no lignite rights appear to reside in the company
- The lignite appears to be a target of over 500Mt high oil yield at about 90L/T; thats approx 300M/bbl of oil
- See BLK, Spitfire Oil, Wesfarmers for operators in the region; as well as RER for technology developers
It will happen one day but the gold in guyana looks the best bet
EPS Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held
