whoa - didnt see that coming!!, page-26

Sorry Brooke but if you go into your own ASX anns, back to November 2007, the original basin wide farmout was to ERMG
yes the G on the end stands for GAS, and yes the options given to ERMG were mind boggling.

When ERM ASX;EPW was floated they included the JV's as part of the portfolio!

Now by de merging gas and having a dedicated crew to run the show they will have a clear run at EPW/ERM and their main power section (ASX Web site EPW) wont be overrun by EGO anns eg 14 out of 50 in 6 months especially embarrassing one's with Writ, summons or litigation in it's heading!Not to mention deemed withdrawals.

On the main side maybe just maybe ERM dont like the idea that 75% of the income to Red Gully being dedicated to "Crystal ball wells in the Never Never"????