Ann: Empire Oil & Gas CEO discusses updated exploration program, page-15

yes, I also picked-up on that.
so that's not just a farmin to say Lockyer or Nth Euregella.
its a farmin to RGN and RG also?
or maybe a farmin to just the RG and RGN ??? who knows- he does not elaborate.

but the problem is, EGO has no money for a drill - anywhere.
so the farmout must be good enough to free-carry EGO's share.
in nthn permits we have 80%.
any decent farminee will want at least 40%
also a farminee would probably want Operatorship.

he also said farminees had come to EGO???

a decent farmin proposal is the only light we can see from this dark tunnel.