I can see MIN might be after the whole shooting match they appear to have the firepower to handle the 100% risk of the tenements( EGO's plan to buy ERM's share of the tenements to attract a farmee - could be working !)
Why would they not just farmin to the North Perth Basin. Because EGO would keep half. Now if they farmin and buy EGO out at a subsequent date, they keep the lot (gotta feed that new LNG plant at Kwinana). Why buy-in now. ERM have handed them the voting monopoly to influence the board at what they see is a markdown price for this type of control.
This is just a reply to The Wolf in Sheep's Clothing. No a bad thing. At least it will give impetus to the drilling timetable
EGO Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held
