Wooo Hooo Go EMP :)$$$$$$$, page-13

We've all been burnt on stocks.

In hindsight it is easy to see why EMP has been pretty stagnant until now.

Companies have been trying to get away from investing in fossil fuels partly because of large conglomerates like BlackRock and all it's investments in energy companies and a focus on ESG scores. There is then of course the reality of energy and energy transition which the government determined long ago was a gas led recovery and transition. Even Biden after his throw the baby out with the bathwater approach to go green has had to increase oil production due to price hikes and the political instability it brings.

Apart from politics EMP has been unfavourable at gas prices around $7/GJ like any new gas venture (opex in the Bass Basin alone is around $6/GJ), but now the price is double that and likely to consistently stay above the $10/GJ business case. Even Twiggy with his gas imports wouldn't have bothered unless he was getting paid a premium.

In short both out of necessity and due to high gas prices, EMP has finally come into the money so to speak.