EMP 4.00% 2.4¢ emperor energy limited

great buy and why?

  1. 2,037 Posts.
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    There are 2 Events within the next month that would take the share price to more than 10c.

    1. A farm out for backreef 50% chance or more.
    2. A succesful production test. Oil is already there and mud stopped it from flowing and the census is we have a better than 50% to declare a discovery and increase the size of the resource.

    Conclusion - the probability of making at least 50% on your Obl shares to 10c plus within a month is a no brainer. The fact that the production test is happening has just made it more certain.

    The icing on the cake will be a native title approval on derby block or a farmout on Cyrano or Derby block. I am also keen to find out what the possible new ventures are?

    This is my opinion and open it for discussion if people have similar views.
 
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