EGO 0.00% 12.0¢ empire oil & gas nl

Harry, or anyone? Why would there be a need to show a profit,...

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    Harry, or anyone?

    Why would there be a need to show a profit, and pay tax, when the funds could be expended on the Black Shag 2D seismic needed to scope out the possible drill targets in the north part of 389? I don't understand why the survey should have to wait a further year (till 1Q 2018) when it would seem their cash flows are positive?

    Are they afraid that the pictures might tell the wrong story or what? They are saying they have identified a large system with relatively favorable drilling depths compared to those involved around Red Gully. So what is the value in the current circumstances of postponing further essential exploration for another whole year?

    Just a thought?
 
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