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0.00% 0.7¢ essential petroleum resources limited

They don't have any money to cover the 25% drilling costs in...

  1. Antman4
    1,629 Posts.
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    12/02/08
    21:26
    Post #: 3346873
    They don't have any money to cover the 25% drilling costs in P/46 unless they come-up with the goods, and hence cash flow from PEP 168. Otherwise, they'll look to farm down to 10% IMHO. Bad mistake on this permit. They held 100%, did most of the work and gave it away too cheaply!!!

    Hopefully not the same mistake in P/50.
    EPR Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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