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0.00% 1.0¢ emperor energy limited

alternative to jv, page-11

  1. stance
    211 Posts.
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    02/06/10
    15:15
    Post #: 6762874
    That is not good.

    I had a look in their financial report and it states:

    * OBL and Backreef will together earn a 100% beneficial interest in the Backreef Area if they drill the Backreef 1 well by 31 October 2010 (to be wholly funded by OBL).

    * If the Backreef 1 well is not drilled by 31 October 2010 the Backreef Agreement will terminate and OBL and Backreef will lose their right to earn any interest in the Backreef Area.
    OBL Price at posting: 3.1¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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