EMP 0.00% 2.1¢ emperor energy limited

Time to do a deal, page-25

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    Well, now they're not frozen in carbonite with legal troubles, they can start putting more of any future Lind and CR funding towards actually exploring so I'd expect to start hearing decent things this year.
    After the next CR you're going to hear about Buru's laurel work, even if it's scaled back to 2 or 3 tests, not 4. And that's only 4-8 weeks away so that's something. In 6 months maybe seismic starts so maybe after next Xmas there might be some interesting results to look at. April next year they'll probably go back and finish the seismic so there might be more results after mid year. I'm assuming they'll be trying to farm out based on the initial seismic from late this year and given work commitments they'll be trying hard to get something happening by mid/late next year.
    They're in a bit of a hard place now with 50% and no money for drilling with REY likely to not want to farm down as much (that was one of the sticking points on the compromise that didn't happen) but there are probably at least 3 semi-good news opportunities over the next year and a half and then maybe some drilling which is good news in itself. *If* they can keep solvent and make their end of things happen.
 
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