Looks like TAP thought Milton was worth it and it seems EGO's board seems to think so as well.
http://investing.businessweek.com/research/stocks/people/person.asp?personId=12737632&ticker=TAK:GR
This little bit from the announcement appears to indicate that EGO will retain at least some of the Carnarvon basin permits.
"Empire Chief Executive Ken Aitken said Mr Schmedje’s skills and experience would be invaluable to the company as it implemented its strategy to unlock the value of its exploration and production assets in the Perth and Carnarvon Basins."
DYOR
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