"Emperor Energy is currently in the process of selecting and appointing an Oil and Gas Industry advisory group who will lead a global search for a suitable exploration partner to assist in progressing the Judith project."
This is concerning for me for two reasons. They are surrounded by the tenements of Exxon/COE/BHP with this huge potential gas supply. Why the need for a "global search"?? Is this hardball negotiation? If so, good. Perhaps this will stimulate a suitable offer for what we have, from one of the majors.
My other gripe, is the word "global". I would be much happier if they said "global (except China). Chinese "deals", in my experience, are worth less than slightly used toilet paper. Please, Carl + team, do not bring us a shady Chinese "partner".
What does make me happy, is that we are free to make progress on Judith - at long last. Option holders should be really angry at the previous board for wasting a few precious months - I know I am.
Would be great to be cashed up from the sale of Cyrano, like you said, @minoil. Another thing which will help speed up "negotiations" - rapidly increasing the value of Judith with the drill bit. It has been said that "you have to spend money to make money".
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