Interesting point. I looked through previous announcements but was unable to determine what exactly they got for Beach's 50%. The announcement stated they would be carried substantially through the seismic acquisition and drilling program expected to cost in excess of $20 million dollars. (see here http://www.asx.com.au/asxpdf/20060324/pdf/3w0xlb8jvr6l0.pdf)
Yet here we are with EPR needing money to participate so they could not have got that much for 50% of the permit.
EPR Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
