RPM also has a 3.95% royalty over ATP 545P (Bow 100%) –
"One very large and four smaller prospects and leads mapped Oil shows have be encountered in several wells drilled adjacent to ATP 545P by past operators in the Central Eromanga Basin. Recently completed detailed and regional mapping integrating surrounding areas has recognised five prospects and leads in the permit.
One very large closure called the Glenard Prospect has up to 42km2 of closure and a maximum of 84 million barrels of recoverable oil potential.
Bow will include this area in its Central Eromanga farm out program."
not a bad earner when/if it happens!
RPM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held