Ann: Empire Oil & Gas CEO discusses updated exploration program, page-20

Spot on Harry.

Of note was the mention of the processing facility. This was booked as having a $24.1 million value in the half yearly accounts. A 50% sale of this asset, along with current cash would be largely sufficient to pay down the MIN debt facility. Have the farminee acquire 50% of the producing assets for cash/exploration expenditure and cover a disproportionate cost of the forthcoming drilling and suddenly you are debt free, and drilling; with cash still coming in from Red Gully. The big question is: what will it cost us?