RMP 0.00% 1.7¢ red emperor resources nl

It's more about the cost to retrieve. Its very unlikely to be a...

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    It's more about the cost to retrieve. Its very unlikely to be a duster. It is possible that the pay zones are expensive to extract and thus heavily dependant on the oil price. It is very likely that the drilling partners have little chance of bringing the well to production without a JV with a major (who tend to take the lion share in return). It is very likely that commercial pay will be sold off to a major - and this route is probably the best pay day for you short term.

    What's next if the money comes in? Well that has governed my investment strategy with this well, leaning more into the other partners and ETE for other prospects and potential growth.
 
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