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19.1% 2.5¢ emperor energy limited

No hope for BRU, page-38

  1. bhutos
    2,429 Posts.
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    05/08/14
    14:27
    Post #: 13772104
    Really good point, but part of the "farm out" was the immediate $525k capital injection OXX gave them.
    I mean, say they win outright in a few months, rather than have 100% outright to attract a decent farm in partner like they could have had, essentially OXX have restricted them to 75% for the $525k in shares issued in relation to the sale. That's how desperate they were.
    OBL Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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