ebr could be 4/5 months away, page-4

need to act quicker than that if you want a foot in the door via Moby Oil. need to be an EBR holder by 24th May to get in on priority list.

if you are taking a line that EBR are worth holding for the drilling, and drilling will only happen if Moby Oil is successfully listed, then in my view could be worth a look at getting into the Moby Oil IPO via a small EBR holding.

EBR will be 25% free carried which is an excellent outcome, so may be the best option.

However Moby not such a bad path either - particularly if they list a month or so before drilling.

If Nexus are drilling Longtom near the same time and this crap market eases off, this drill could draw some real attention.

acturtle