Great post Coin.. I haven’t invested yet so doing some DD and your insights
are very helpful. Thank you.
In researching EMP I see a
combination of facts, forecasts and fiction
What we know
This is not exploration but development as the gas has been discovered a few decades ago.
We know that the gas markets in the Eastern states is in need and gas supply is tight. That’s about all we know (please correct me if I am wrong. One more thing, we know that EMP has a $27m firm commitment and has until Aug 23 to spend it.
What we don’t know..
1. Will the wells flow at a commercial rate?
2. What is the gas composition?
3. We don’t have a farm in partner after a 2 yr search
4. How much gas is in the structure?
5. How long will it take to get govt approval for the drilling of the commitment well?
6. How long will the environmental approval take for the development.
7. How many wells will be required to delineate the field?
8. How long will it be until first gas sales
Anyone have any insights on the “what we don’t know” list?
The Captain
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