Ann: Northern Territory Farm-in, page-13

If it is for all Imperial Oil and Gas's acreage then I reckon it will turn out to be staged and to earn the maximum interest the farminee will have to spend around US$250m with Empire being fully carried .

Can't see them farming a block out to one farminee and another block out to another like Central Petroleum have .

Imagine if the carbonate under and above the shale in the Urupanga high is of reservoir quality like the Coxco Dolomite in Armour's acreage . Empires 20% could be worth a fortune .

Look at what Sasol and Origin are spending to farm in to Falcon's 4.6 million acres in the Beetaloo for a benchmark .

Empire have seen the mistakes which the earlier juniors have made . Contrast Empire's approach in North America to New Standard's disastrous foray .

Thanks Bruce .