Best hopes in the near future are farmins into the Ebr/bas PROSPECTS IN Bass Strait by bigger players, especially a farmin to develop gas prospects with Judith. Looks like Cooper is on the back-burner with no more drilling till at least mid 2009. Graphite awaits completion of trials by Nov, so no progress there, and Cultana farmout/sale is unlikely to get off the ground due to the same old access issues that EBR had. Would be suprised if Joe has the capacity to add a new project with possibility of exciting the market, and the rest of the board are just accountants so don't expect any innovation there! But one thing is for sure, EBR do have some good assets and cash on hand so has the capacity for a long term recovery through farmins and development of gas prospects if they ever get a good price for the gas. Seems everyone else is going ballistic with Gas except us!
EBR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
