Fair point in the 8 year target, too far into the future. Let’s talk about Aug 2023 which is when the lease expires. Seems like a long way off and plenty of time. NOT!
They mandated that 2 person shop Ocean Reach Advisors out of Perth to secure a farm in partner two years ago and no updates from the company each quarterly other than “discussions on going”. I searched through the micro caps and found no less than 11 companies are searching for farm in partners.
Now the clock is ticking. They have 26 months to find a partner, secure govt approval for the well in one of the most regulated areas in the planet, drill the well which alone will take 3 months. Every day that goes by with securing a partner is one day closer to the lease expiring.
EMP Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
