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.
(20min delay)