Massive Gas Field, page-164

loaner. I agree with you that the real question that needs answering is about the farm in partner.

The risks are obvious to a real industry expert.
1. Geological risk, are the compartments in communication, if not then this field cannot support a serious development.
2. Partner Risk, if a company does farm in they wont give EMP a full carry so EMP will have to raise serious dosh to pay their share. This means more dilution and yet another consolidation and a risk to an incoming partner
3 EMP did a bonehead move by committing to a firm work program of $26 M which has to be spent by Aug 2023.
4. First gas is st least 8 years away


The list is longer but the last time I posted the two “industry experts” shouted me down. The fact is simple, EMP has had 7 years to get something going on Judith but have not advanced the project one inch. This is a “snouts in the trough” company if there ever was one. The board is made up of small town accountant and a mining engineer. Neither have any experience that can be applied hence the lack of progress over 7 years. Shocking