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12.0¢ empire oil & gas nl

Harry3539. All other submissions approved....

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wabbit

4,299 Posts.

28

04/08/17

19:09

Post #: 26303061
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Originally posted by Harry3539 ↑

It is definitely nearology because of the nature of the geology (not like some of the large contiguous plays of the US shales). However, they have found traces of oil (oil plays are also around this area) and the prospect has been mapped (twice) with a considerable resource (EGO standards). They have said it was on trend.

AWE focused attention to the future of gas supplies and what it will do for pricing. The price of oil looking more positive. Both these factors could pique the interest of oil/gas explorers.

Wabbit,
No fatal attack of khaleesi virus I see. Keep your eye out for DMP approvals. The big step should not be too far away.

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Harry3539.

All other submissions approved.
https://ace.dmp.wa.gov.au/ACE/Public/PetroleumProposals/ViewPlanSummary?registrationId=68402

EGO Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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