announcement out today from emr stating they have acquired 2 more permits in the canning basin.
this was part of their press release -
In view of the successful discovery of Devonian “reefal” reservoir rocks in the Stokes Bay 1 well at EP104/R1, which is to be further tested in April 2008, Emerald believes there is significant potential to discover several similar prospects along the western extension of the Pinnacle Fault
they obviously like the results of Stokes so far!
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
