its well worth folk reading this announcement carefully, including the snippet about the Lower Admiral Formation. One would assume that any new well (Judith North), will investigate this.
This comes at a perfect time, given renewed interest in oilers such as IPB, and, one i havent followed for years....PCL, which is showing the signs of interest that hasnt been seen for years.
EMP could fall on its feet, given the interest in O&G, and, the story of East Coast gas supply and demand. Its a big job for EMP on its own, so any progress will be due to others coming in, but it has the tiny MC and associated leverage in its favour , when the market cottons on that is
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