epe/gog market not impressed,, page-5

As well, GOG should be able to continue their negotiations with Santos regarding the sales contract.

Once they have a sales contract, as say $2.50 per mmcfr, at 8 mmcf thats 8 grand a day, which easily covers admin costs and lets them drill a Cooper well every 6 months out of cash flow.

But the carry on the Otway is the most important thing for them. I'd just be happier if them and Oilex could afford to follow up any encouraging but not quite commercial results.

Ian Whitchurch