EMP 0.00% 1.0¢ emperor energy limited

Ann: Derby Block (EP 487) Update, page-16

  1. 1,726 Posts.
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    Neil is a very smart cookie for sure with deal making talent and aggressive single minded drive .

    They may also have lucked out with the reschedule of the work program for Derby positioning them in a more favourable part of the resource cycle and with respect to Buru's drilling .

    Remember Oil Basin's have an option for a participating interest in an LNG plant - though it looks like the seas will be awash with it by then .

    The latest Derby announcement reminds me that Oil Basin's have demonstrated the ability to execute cheap drills .

    What was not covered in the announcement in the work program was subsequent hydraulic stimulation of the wells .

    Don't forget about the Backreef area either .

    OBL is looking pretty darned reasonable for the long term . What stops me topping up is that Buru are falling to bargain territory too and have an imminent drilling program .
 
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