my experience with Woodside was merely as a young fella, learning how the market worked....BPT, however, i traded over many years but can vividly recall its chequered past.
I'm merely trying to point out that if you look at a project over a decade, then you need to also follow up with what the company and its value does in the meantime. If we are looking at 4,5,6 years for a production start, thats fine, but it makes EMP or anyone else look like a bogged duck if you dont consider what it will do in that time....in EMP's case, one would hope, that after finding a partner, its financials will undergo a quantum shift, enabling investment in other projects, and therefore growing, and moving away from being a one trick pony.
One thing at a time (whilst there is nothing wrong at all in a decade long viewpoint), our prime focus is a partner.....it is that which will transform EMP....perhaps more focus should be placed on how EMP will sit once a JV partner is found, and we have a decent, though possibly not a controlling interest in a major project. We can then consider the financials and what that allows EMP to do next(unless of course we are taken out)....
It is the next few weeks/months that will define EMP and following the acquisition of the 3D data, our time in singles world must be drawing to a close.....
I've held a core holding for 2 years or so, traded actively but last week nudged my way back into the T20 to get myself set..... with the cashflow statement making me more curious and i'm eager to see if anything eventuates from this...."no decision to raise at this time".....a tight ship, Carl will avoid dilution as much as possible
we await further development.
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