From the EGO point of view this is all that is happening:Empire...

From the EGO point of view this is all that is happening:

Empire Oil & Gas N.L. and ERM Gas Pty Ltd are negotiating a farmout of 25% equity in EP 389 where the
farminee will be paying 60% of the well cost earning 25% equity in the EP 389 Permit and paying 90% of
the Completion and Well Testing Costs and 50% of the 65 square kilometre Gingin Brook 3D Seismic
Survey to be recorded in 2011 over the Gingin Brook Anticline which has potential recoverable gas of 100
BCF and 5 million barrels of condensate.
Empire will retain 52.61% of the EP 389 Permit. Wharf Resources PLc are not farming down their 10%es confirm that.

SBN management changes confirm the new company direction to form a nwe oil abd gas company.