EMP emperor energy limited

just had a look over the Quarterly.Now I'm not an O&G expert but...

  1. 2,886 Posts.
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    just had a look over the Quarterly.

    Now I'm not an O&G expert but it seems to me, reading between the lines,that EMP are trying to gloss over the fact that gas recovery problems do exist at the Judith field.
    How serious those problems are I can't say - but clearly other O&G companies consider them to be sufficiently serious to look elsewhere for better opportunities. Not saying Judith drilling is is a useless venture but it reads like it might be a marginal proposition compared to other more easily drillable 'cleaner' sites?

    feel free to rubbish my comments, but they are as good an explanation as anything the company has ever offered to explain why the O&G players have consistently ignored the Judith prospect for many years.

    (also, history says BHP weren't impressed with drilling results years ago.)

    but you never know, someone might be interested in drilling it one day, but it sure doesn't look likely any day soon to me.....




 
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Last trade - 15.58pm 25/06/2025 (20 minute delay) ?
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