This first hole is targeting a total of 9 million brls OIL at p50. Drilling tomorrow. Three different targets in the one hole. A small find (say 2 mmbls) should put the SP over 20c IMO. The second back to back hole targeting gas. Then a review and two more holes in August. May re enter "Emily" where oil was found. Think now they just missed the main target. Plenty of opportunity for EBR and JV partners to bank some real cash in the coming days and months. Last chance to get in cheap for this round. Good luck to all holders I hope your (our) patience will be well rewarded. fc
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
