EMP 0.00% 1.0¢ emperor energy limited

please explain, page-6

  1. 1,726 Posts.
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    Lifesgood ,

    I thought the same as you .

    However , the money raised should go further than we think according to the East Blina-1 Operations Report No. 5 31/Oct/2012 :-
    - "OBL has demonstrated that, with deployment of a ‘small footprint’ modern mobile drilling rig, future oil exploration wells targeting Laurel / Yellow Drum reservoirs within the Backreef Area can be drilled at a reasonable cost."

    I think OBL are looking at the farmin as a sort of down payment from FMG and that if the results are promising , FMG will want to commit much more serious money to the development .

    It's not just the finance from the farmin but getting the right farmin partner and I think OBL have got the one they wanted .



 
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