erm farm-in, page-6

An excellent post GasPew you seem to know your stuff

I didn't realise how far advanced ROG were with their CSG project but I guess this explains the share price being around 6c during the boom times of CSG

The reality is though CSG and Shale is a very expensive game, MEL have probably spent $50m maybe even $100m on their CSG leases so the truth is ROG could never have gone it alone without a ridiculous amount of dilution

20% carried by ERM for many wells is a great position to be in I think for a spec