EMP doesn’t need this permit, they already have 1.848Tcf in P50, 9.5x the prospective resource compared to this VIC/P80 block (192Bcf of P50).
EMP also has 85% of their 25yr gas requirements in the P90 category… massively de-risking the future project.
As a little junior, there is little need to acquire this block, simply focus on the elephant they already have and get it over the line.
Note: I hold both EMP and COE
Ann: Grant of Gippsland Basin exploration permit VIC/P80, page-5
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