Hi Talked with JR today. Just to let you know cost of drill all up will be around 50 million but this cost is not necessarily split evenly throughout all groups. Still working on farm-out and I believe they are doing everything they possible can. No news yet on East Wing 1 mainly due to it being Christmas. Again it maybe touch and go here but with 46 days to go they should be ok in my view if the well comes up with good positive reading.
My view would be that if EPR have 46 days to pay then if the well is a positive this may be extended. If it is not then EPR will need to find money fast.
Good luck to all and for the record I believe in the management team.
Cheers
W1
EPR Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
