Well hoping for more info in the prospectus was maybe just hoping too much from EBR. THey certainly don't like to divulge information of any kind at all! Looks like they are primarily trying to ensure Cooper drilling goes ahead regardless of whether the JV partners are still able to cover their costs...and to expand that drilling to include 4 wells rather than two if it works out.
Shame there was not more info on Cultana or about potential development options for Judith gas development in PEL47. Presumably the gas development will have to await the preliminary feasability assessment due end of march. If it is good though EBR/BAS could soon be joining Nexus as a significant gas producer in Bass Strait.
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
