9mmcfg/d - better than expected. We may stabilise at say 7-8mmcfg/d
At revenues of $4/mmcfg - we are looking at revenue of about $10m/year. We can also expect very low operating costs and small taxation due to accumulated tax losses.
Good cash flow for the off-shore explorations. There may be another few targets in the permits too.
The dilemma - farm-out P168 now to accelerate off shore explorations - I would!!
EPR Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
