re: Ann: Divestment of Non-Core Assets and Ex... Thought it was...

re: Ann: Divestment of Non-Core Assets and Ex...
Thought it was a good update but could have separated reports into two releases. Doubt the Italian leases will be pursued as it may take more time and money than they are worth. Expect management to release further information and presentations detailing prospective leases in the Canning, perhaps as part of the RPS Energy report on EP448 which could have a large impact on small cap company and be used for joint venture negotiations.

Agree, leverage to the Canning basin is limited to NSE, BRU and KEY. There is only one junior left in this group.


willeydel,

Again, these are performance options, they are worth nothing unless the sp rises multiples of the current sp and directors need to purchase them, the other 40M was announced previously. KEY need to maintain leverage to the non conventional canning basin targets for all to benefit imo, including the EGO shareholding.

AWE are also drilling a non-conventional well very soon in the Perth basin. EGO are not drilling any non-conventional wells in the Perth basin but i expect they (and KEY) will have leverage to this well from their lease position.....

If wont believe this regional lease play stated from KEY and others here then check what BRU have said regarding the NSE drilling and the impact on their drilling targets.