OK, so this is positive.So we're getting the license acquisition...

OK, so this is positive.

So we're getting the license acquisition money (fingers crossed) from an unlisted UK based JV partner.

The deal sounds ok, but means EMP would be spending $350k on exploration activities by the end of 2024 to reach 'expenditure equilibrium'.

My guess, the London based company may be:


https://herenciaresources.com/


Which may opens doors for EMP's exposure to UK companies for P47?

I wouldn't be surprised if we get involved with Mosman Oil and Gas https://www.mosmanoilandgas.com/ at some point.



All IMO, just speculation, nothing else.