EGO 0.00% 12.0¢ empire oil & gas nl

low cash issue, page-22

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    Hi ya Griffy old mate,

    My judgement is reserved on your cartoon.

    Re your query of WHARFs escrowed amount.

    Cumalative production is 73,729 BBS of condensate produced.

    Work out 10% and then roughly $100/BBS near enough minus a few costs.

    Must be at least $70/BBS profit

    If so near enough WHARF would have about $500K escrowed roughly.

    Hope I am right.
 
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