EPR 0.00% 0.7¢ essential petroleum resources limited

congratulations you did it

  1. 1,629 Posts.
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    So they finally crack it - a discovery. Not through any lack of trying mind you.

    Looking for a nice spike here on DST.

    Off shore drilling this year for a company maker in Vic/P46. Trouble is that they are will be low on funds for their 25% share. Trying to farm out I'd say on a full carry basis for 12.5% holding. May find a partner closer to the drill, although getting closse for comfort. May raise again after DST with SP at 6c or so. They'd need about $10m. Don't see them hooking up the onshore well before the drill offshore. If onshore was hooked up and flow of hydrocarbons was sustained, could look at alternate capital sources - banks...yep, this route is a long shot!

    On the march though...


 
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