Compensation wouldn't be my first choice but the farm in package...

Compensation wouldn't be my first choice but the farm in package with ALP did at least provide a valuation for the the acreage :-
- spending US$60 million over a 3 year period.
+
- Imperial will be paid US$7.5 million at closing and a further US$7.5 million subject to defined benchmarks being achieved.

The farm in was clearly for the unconventional prospectivity rather than conventional so 100% of the acreage was valued at US$93.75m .

Compensation would not be my first choice and beside I reckon Empire have downplayed the conventional prospectivity .

Take a look at page 18 of the Half Year Financial Report , 30 June 2013 to see what it says about the scale of the Urapunga High . I would not like to see us move on without testing this .

The conventional potential would be massive if there were traps and a reservoir present , maybe analogous to the Coxco Dolomite which flowed 3.3mcf unstimulated in Armour's Glyde-ST1 well .

Surely , if there comes down to being no choice , Empire can do better than Metgasco ?