A small CAPEX cost to first production and decent long term cash flow for drilling in P46 and P50. I would say they'll keep East Wing and may drill a few more wells in this permit.
I think it may be hard to get a farm-in partner into P50 before any success in P46. Risk appetite of the mid/large players is very low at the moment. It would be nice to see some of the players who just pocketed large like STO & ORG (CSG fame) have a dip into P50. AWE and AED is also cahsed-up. Any idea who they may be talking to?
EPR Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
