EGO 0.00% 12.0¢ empire oil & gas nl

I wouldn't stress over the lack of a farm-in, we aren't ready to...

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    I wouldn't stress over the lack of a farm-in, we aren't ready to drill RGN yet and any farmin will be for funding subsequent drills so still plenty of time.

    The market cap is suggesting that any negotiations for farmin would be from a position of weakness from EGO's perspective so let the company get the cash from Red Gully gas rolling in, firm up additional leads for drilling from the Black Swan survey, possibly even prove up more reserves from the drilling of RGN, then (fingers crossed) we will be in a much better negotiating position so can get a better deal.
 
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