couldn't imagine EPR still holding the rig. I suspect they are reviewing existing seismic for a reserves calculation.
They'd also be busy trying to raise the $5 -7m necessary for drilling in P46 later this year.
With recept SP weakness, seems like getting the funds will be harder than first thought. Don't see too many takers out there for a minority stake. Might try and flog East Wing discovery but the buyer would want all the potential of P168. Hard to flog a 12.5% stake in P46 to existing JV partners as they are already there.
Yep, bloody bind alright!
EPR Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
