EEG 4.65% 22.5¢ empire energy group limited

Farm-in for Armour Energy

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    https://www.asx.com.au/asxpdf/20191015/pdf/449hxw0yddx392.pdf

    Seems like the first shot has been fired in the current round of NT shale farm-ins. A small deal but a positive development for EEG.

    Interesting to see if ORG and STO try to push hard to be the dominant player and go on an acquisition spree ahead of any potential foreign buyers and if that sparks any kind of land rush ahead of any data from the ORG well in the next month or so.

    Might have to up my price target.


 
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