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0.00% 0.7¢ essential petroleum resources limited

rig moving to fermat, page-4

  1. pmunt
    572 Posts.
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    10/12/08
    16:23
    Post #: 4591705
    BPT release - in part:

    Beach Operated Offshore Program - South East Australia
    The West Triton jack-up rig was unable to successfully jack up at the Spikey Beach-1 well location and the decision has been made to move the rig to the Fermat-1 location. Fermat-1 (Vic/P46, offshore Otway Basin), is the third of Beach Petroleum's planned three well offshore program. Beach, as Operator is currently considering options for a return to Spikey Beach-1 after Fermat-1. Interests in Fermat-1 are Beach Petroleum (50.00%), Mitsui E&P Australia Pty Ltd (25.00%) and Essential Petroleum Resources Ltd (25.0%).

    Good luck all...about time one of these offshore drills came good.
    EPR Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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