EPR 0.00% 0.7¢ essential petroleum resources limited

Cheers W1.And condensate re east wing..lets not forget that the...

  1. 6,284 Posts.
    Cheers W1.

    And condensate re east wing..lets not forget that the co has intimated condensate.

    It sells at a premium to crude oil.

    It makes sense to me that logging was not possible at east wing due a number of plausible reasons.

    One of the most plausible scenarios would have to be, that pressure and liquid hydrocarbon made this virtually impossible.

    Cant wait for the work over rig to perforate the zones indicated..

    This could mean millions a month in revenue as the explorer becomes a producer.

    But off shore later this year will be the elephant bonanza imo. Highly prospective, imo.

    Happy to accumulate at these levels 3c 4c 5c 6c

    If east wing has what I expect it has, then this will be 10c, 15c 18c in a blink come the anns in a matter of days to weeks from now round mid July.

    If east wing is a duster then back to 3c .

    But I really think it would be 3c now if the east wing scenario that I suggest is not plausible...

    I think that this co runs a tight ship insider info wise, but someone looks to have got set the other week when the sp ran to 6.5c ......on volume...after the geo's would have reported....commercial in confidence of course !
 
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