Bad luck for Exxon if that's the case.
Just goes to show,they were spending $120m on
a 2 well exploration program.Called Baldfish and Hairtail now.
Not necesseraly a bad thing for EMP.
Means they will have to find gas elsewhere.
There will be new 3D early in the year by Exxon,so someone
might as well include EMP.
A bit disappoing with the EMP results.
I had a back up plan.
Sold the shares when they missed the first revised timetable.
I did buy more options though which left the same total holding
but freed up some cash.
Can't sell them now but there is close to 18 months left on them.
Maybe better news in the new year.
Maybe even a new project.
Judith: one of the last untouched major gas reserves in the Gippsland Basin, page-49
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