wharf dispute, page-6

I am of the opposite view. The farm out is essential to move forward at all. The dilution of the asset is not just about GGW1 and RG1, it is a basin farm-out. EGO has not got a hope in hell of 68.75% development/commitments in just EP389,plus all the other permits. The farm-in has to bring with it both cash and cost commitments. The two wells and plant are the carrot.

I have been with EGO since GGW1 so don't know a lot of the history. I do know that in this industry, if you carry big %, you must have the capital to back it up. EGO has never had that, which is one reason you have 6,300mm shares on issue.
It is called "risk management". We are one of the lucky few to be in production, but as you bear witness, not the desired outcome.