EMP 11.1% 0.8¢ emperor energy limited

looks like we got bru as partner in derby bloc, page-43

  1. 2,672 Posts.
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    Possum, a 50% share is about $5M. We're not doing 6 month long ultra deep drilling in Siberia here - lol @ a well there costing $40M. That was Mitsubishi's entire exploration budget with Buru for the entire 2011 calendar year at 80% funding!!

    I don't really envisage OBL getting taken out although I suppose it's possible. I'm assuming they'll farm down next year to something like 12.5% for seismic and hopefully 2 wells. A lot cheaper than buying the whole company and shareholders can handle a mill a pop after that to prove up reserves.
 
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