Fish3, They have paid $500k to a company to review the seismic data relating to Emily and other cooper prospects. I met the bloke who will be doing the review, I think his name is peter (anyway its all in past announcements) but he reckons that they just missed an oil dome on Emily. They moved the rig 150m from target to avoid a large sandune and this didn't help. If they go back to Emily they will go down and then drill sideways-beats me how they do it but that's what he thinks will get the oil. They will use a workover rig (whatever that is) ADX announced in their quarterly they will be participating in 2 more cooper wells this year so they are still confidant. I agree with other posters that AR would have been very careful with announcements since he was charged 4 years ago hence what is perceived as poor communication with shareholders. This may now change. In any case AR has made (IMO) many excellent opportunities available for the comapny to pursue and this will out weigh any negatives for quite some time to come. (joaquim- if you read this bunch of ramblings I hope we are both sitting on a tidy profit by Xmas and get that bottle of Grange at CoCos) Cheers to all holders fc
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
