That looks right for this one and ESG owns 25% of OIP .. so total beneficial % is 45%. ESG's farmin % in PEL 428 and PEL 6 is 50% and they can earn another 25% in PEL 6 by drilling another well.
Has anyone taken a good look at the prosopects in this release .. Moree-4 looks to be drilling a prospect of about 30x20 km = 600 sqaure km. But the big one (that its part of) is in PEL 6 and that's more like 50kmx40km = 2,000 square kms. These are large prospects!
H
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