EMPEROR ENERGY - FOCUS

It's quite uncertain whether posters on this stock actually hold any and if so to what extent.

The "quagmire" which was OBL has been finally resolved after a considerable period of uncertainty and of course cost. The "skeletons" have finally been exorcised and are now buried. A considerable amount of valuable management time was spent on those "legal" matters.

Now the focus is very clearly on Vic/P47 and the work plan outlined in the last announcement is very simple and has been committed to.

It is also clear as to what EMP is currently doing as stated in the ASX announcement dated 30/04/2018. This is very important.

"Prospective Resources Statement - Q3 2018"
"The Company intends to have a resource statement containing a combination of contingent and prospective resources certified by a respected industry Resources Certifier and released to the market in Q3 2018"

EMP will also engage with relevant companies that will offer transmission, processing and off-take of gas. That will almost certainly be an ongoing process.

EMP is NOT a trading/jobbing stock and anyone with an iota of common sense would understand that. It has a very small market capitalisation but more than sufficient cash and deposits to see through this very important stage of work.

Naturally it would be good to see positive results sooner than later but this is highly technical work that has to be accurate so it will take as long as it has to.

Much to be done and much in progress and I know that the company is being run on "the smell of an oily rag" which is is stark contrast to its predecessor OBL.

Looking forward to the future and certainly looking back into that murky past

Graham