EMP 0.00% 1.0¢ emperor energy limited

loaner. I agree with you that the real question that needs...

  1. 162 Posts.
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    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


 
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