onshore exploration starts, page-4

If the onshore program hits producible gas in the first two wells, EPR will go for the third. Origin (nee Boral) did not drill any of these targets back in the 80's as their size and the price of gas at less than ~$0.50 made them uneconomic. At $3.50+, it is a different equation.

If EPR get production of 10-15mmcf/d from these prospects, then we are well on the way to getting the necessary cash flow required for P46.

I see that it will take 6-months or so to get the onshore fields into production. This could be as a result of having to agree contracts and pipeline access agreements, etc.

Plenty of propects in the onshore acreage so good prospects to add reserves/production by 'in-fill' drilling and hook-up.

In any event, a series of gas strikes in what are small but prolific reservoirs should see the SP march higher.