Lest Thanks for the reminder about Stachans valuation in his 05-08-08 issue I note the 17cps discovery value was based on 25% interest but it seems likely EPR will farmdown based on the chairmans comments at the agm.
Prior to the rig problems at Spikey Beach, I guess EPR management thought they had a few more weeks to finalise funding. Continuous disclosure obligations will require EPR to announce any farmout deal or lack of thereof. I note they're still quoting 25% interest in their releases. Interesting to watch from the sidelines.
EPR Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
