Agile and entrepreneurial Board and management team with a strong track record of Perth Basin exploration and development success.
Red Gully North-1 gas discovery has the
potential to increase gas reserves by c.60% and expand the Red Gully production hub .
Achievements over the last 12 months
these guys think they have done everything, except raise the SP.
Shareholder value is what this new board said they could do, these guys haven't even made it flinch.
Black Swan survey results
Black Swan survey results are very encouraging for Empire’s future exploration activities, giving Empire a more complete structural view over its acreage
Survey results
Black Swan geophysical survey overview.
Should of read the Black swan before giving the best of it away.
JOKE.
- International geophysical contractor CGG successfully completed the Black Swan airborne geophysical survey interpretation in January 2016
- Acquired the data using a 1km line spacing
- Work identified several structural highs and new leads
- New leads have been identified in three of Empire’s 100% owned exploration tenements
- Highs identified on the western side of the Yarra Yarra Terrace
- Very large northsouth trending structural high identified. Potential for large Permian gas plays
- Large structural leads have been interpreted in a fairway in northern EP 389, northwest of RGPF
- Empire plans to accelerate infill 2D seismic programs to mature the identified leads to prospect status for future drilling
- International geophysical contractor CGG successfully completed the Black Swan airborne geophysical survey interpretation in January 2016
- Acquired the data using a 1km line spacing
- Work identified several structural highs and new leads
- New leads have been identified in three of Empire’s 100% owned exploration tenements
- Highs identified on the western side of the Yarra Yarra Terrace
- Very large northsouth trending structural high identified. Potential for large Permian gas plays
- Large structural leads have been interpreted in a fairway in northern EP 389, northwest of RGPF
- Empire plans to accelerate infill 2D seismic programs to mature the identified leads to prospect status for future drilling
Crabbe 21.
It depends which way you look at it. I know the SP has been in a downward move .
What is meant by SH value
Would Red Gully be worth more after it was perforated.
Would the plant be worth more now it is operating at full capacity.
Would the Red Gully 1 block now worth more after the well was drilled.
The surveys on the concessions we hold would have increased the sales value.
That is the reason I am still holding as those values will be realised in the long term.
I would rather be in a company that the asset value is increasing and the SP is going down through market force.
Rather than one with asset value diminishing and that was what was happening with the old board they where taking out more than they put in.