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9.09% 1.2¢ emperor energy limited

today's ann

  1. footy
    18,150 Posts.
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    15/11/12
    13:08
    Post #: 11004494
    So if I have it right.......

    (1) FMG takes up 120m shares raising $4.2m

    (2) FMG pays a further $1.75m for a 25% stake in the Derby block.

    Now the next bit has me a little confused..........

    as part of a subsequent gross $10.0 million free carry on a 2 for 1 basis (i.e. under
    these arrangements, OBL is expected to be fully funded for 2 years after Grant for
    the work program on the Derby Block).

    Can somebody unscramble this for me. LOL
    OBL Price at posting: 4.1¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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