When the Gilbert drill is completed in a couple of days the Ocean Patriot will move off to drill Maclean 1. Bass Oil have a 40% interest and EBR 25%, Mog 35%. Bass need a good outcome and my guess is this is their best target yet. Bas and MOG are good bets also but if its duster EBR moves onto the Cooper Basin where it has some great targets in proven areas. It also looks like EBR will be free carried for the first 5 wells. Success in Cooper worth about $0.62 to EBR. EBR also have an Olympic Dam style copper/Uranium/gold target (77%) to be drilled towards the end of the year. This diversity makes it a great spec stock IMO.
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
