west triton rig spudding fermat-1, page-57

All sounds good for EPR except for the funds.

Answer to the Q regarding the $20m - this was spent by BPT on seismic activity where EPR were carried.

Cant see EPR holding more than 12.5% in this permit now.

Anyway if it strikes the goods, it will suggest a new fairway in the Otways that may be bigger than Casino et al and possibly BHP's Bass Strait. The UK/Norwegian North sea has had many births in its life - south - mid - north and more around to the Barents sea...

Anyway. Hopefully somebody wants a piece of this action...seems so.

Good luck to all holders...need some at the moment

Antman4