EEG 3.57% 29.0¢ empire energy group limited

Ann: Carpentaria-1 Intersects Liquids Rich Velkerri Shale Gas, page-20

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    samsam is dreaming. We need about half a billion to drill ourselves (major cap raise required) or we sell to a major or do a farm in, where we’d get say $400 million up front and say 20% of the earnings for 20 years. Don’t see how any of those scenarios equals $44 per share.
 
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