Ann: Farm-in executed into the Cooper & Eromanga Basins, page-5

I'm guessing some of the previously enthusiastic posters have been stunned into silence.

I'll attempt to start a discussion then....

Firstly, I fail to see how this Farm-in can bring revenue in a relatively short period of time. For those that are not familar with the acronym ATP, it stands for Authority to Prospect. These 2 Tenements are a long way from production (assuming that permits will be approved and a resource is even defined). I note that approval was expected by Bridgeport in 2018. Also notable is the fact another company (New Era) pulled out of a binding Farm-in agreement (executed on 23 May 2019) to the same Tenements last year.

Secondly, LCK announced last year (pre Corona virus) that their Operations in China will provide an income stream in the short term while the LCEP is developed. Is this income no longer expected?

More 'waiting to see' ahead for Holders.