how far will this go?

EPE involved in the drilling Udasha, Fairbridge, Strickland & Geordie with a 10% stake with each target ranging from 3 million to 5 million barrels.

If EPE strike one we are talking about 300k barrels. 300k x $60USD + = $18 million USD, $26 million AU.

EPE current market cap under $10 million. Now i know flow rates will also come into it, especially after yellowbank but BPT and COE i believe are operating the drills, something i feel much more confident with.

2,3 or 4 strikes and EPE could be sitting on $100 million AU worth of oil! Short term surely it has to go higher on speculation and with the current oil situation????