EBRO can be converted into 1 share + 1 EBROA option. Great leverage at current prices if Emily 1 a gusher. Talk is a 60% strike rate plus there are three possible pay zones during the drill, nearby Tarragon oil well with 2000+ bopd. Probably drilled down to the 1300 m mark today and looking at a drill stem test on the weekend and Monday with results of DST by Tuesday.
This is possibly >10 bagger with a better than 50/50 chance of a strike and probably remains good buying.
EBR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
