ERH 0.00% 2.9¢ eromanga hydrocarbons limited

Ann: Update - Block 138 , page-39

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  1. 480 Posts.
    Never know, Anp may make the decision for management. Positives at the moment are:

    Production from 330, 60 barrels and increasing from 1960's hole
    Big reserve and long life for 330
    430 reserves should expand
    430 retesting soon
    Cash in Bank of 8m (5m amercian)

    Negatives

    Bloody market number one
    Delays from joint venture partners on drilling
    Anp time frame

    Conclusion, this is were good management and direction is required. Young experienced and determined ceo, some wise owls and the next generation who want to prove them selves. Looks like a good mix.
 
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