100% @sahmee , That's a fair amount of coin to put...

100% @sahmee , That's a fair amount of coin to put down.

Perennial would have done their reasearch and see value in EMP;

https://perennial.net.au/our-trusts/microcap-opportunities/






Per EMP's annual report (extract below from Page 31), we're close to sumbitting the EP to NOPSEMA: "...late 2024 / early 2025".
Which is what I believe is the price trigger Perennial would know about, happening soon!



I'd suggest early 2025 based on the annual NOPSEMA charge.


Also per the Annual Reoprt
EMP have suggested total costs of ~$25m for drilling over the next few years - the annual report was in September....



Which was after the NOPTA license renewal (13/02/2024) - which can be found here:
https://public.neats.nopta.gov.au/Opggs/Title/7a1ec486-78c1-4dbe-8c0d-91036ea7811f



In this extension, we see the suggsted total costs of ~$36m/$37m... So IMO - EMP believes there's a $10m cost saving somewhere - which, if true - is really good - especially for enticing potential JV partners!

Bit of research and speaking to the team at the AGM I'm pretty excited for EMP - short and long term!