EGO 0.00% 12.0¢ empire oil & gas nl

Looks like a T20 holder has had enough, page-36

  1. 1,680 Posts.
    lightbulb Created with Sketch. 12
    Composition of Resource
    Refer to announcement 5th February 2016
    125,000bbls condensate / 10,700tjs = 11.65bbls/tj (2C resource)
    Consistent with Gin Gin 1

    Pay Zones
    Plan to perforate the 53m payzones. The best zones, the connectivity among them etc.
    Leave this to the experts.

    Flow Test
    I would now think about the first half of April for a result.
    The first test of what they spruke.
    Production over time - your future.

    Conclusion
    Wait for the outcome of the flow test. Rachael you may now earn your keep - Cap. Ex. on tie-up,
    Cap.Ex on plant expansion, ERM Loan , drill Lockyer etc. This company needs a farmin .

    NB. Watch AWE share price Vs oil price
 
watchlist Created with Sketch. Add EGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.