Should get some news on the spud of the on-shore program in PEP 168. These should be short shallow wells to target a known gas province. The reserves may be smallish - 10-20bcf but good flow rates of about 10-15mmcf/d will produce gross cash-flow of about 9m/year. Enough to start planning the off-shore drilling program...the real prize for EPR.
No farm-ins yet for P50, although I expect players to emerge.
Cheers, Antman4
EPR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
