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I think today's announcement is good news under the Fermat...

  1. ronstieb
    6,352 Posts.
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    06/01/09
    15:33
    Post #: 4662239
    I think today's announcement is good news under the Fermat success scenario. They wont have much trouble sourcing funds within 46 days if Fermat tests at commercial rates.

    So that leaves us with possibility of success for Fermat and dowwnside for EPR if its a duster.

    EW has reported 2P reserves of 2Bcf.
    That's probably worth around $3mil on a NPV basis or 0.5cps (yes, half a cent per share)
    EPR Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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