So 3d energi has a 2 well carry worth 100 million with ConocoPhillips 2 confirmed wells.Its not worth 30m market cap now.
No way can emp be worth 30 million with no joint venture. And no way can they drill it before lease expiry. I said almost a year ago there is no way they can drill this with out another extension .
People would be crazy to value or pay 5 cents for emp. A extension Is no guarantee and it takes time.
I doubt it will be drilled at all in 2025. Not from the otway rig with beach cooper and 3d.
I cant make any sense of what emp is doing and what this placement will achieve. So much for the gold paying for the gas.
EMP Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
