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Re: EMR - Emerald Oil and Gas

I bought 65,000 EMRO at 14c yesterday. According to EMR's announcement of 13 Aug 07, "Emerald has the highest leverage to a successful outcome from these two prospects [Valentine and Stokes Bay] with only 62.35 million shares and 35.63 million options on issue. Emerald estimates that a discovery could add several million barrels of oil equivalent resources, net to Emerald".
Also interesting is that a dscovery at either of these 2 projects will greatly enhance the value of Emerald's 100% owned permit application block EPA 4/05-6 located immediately west of EP 104. EPA 4/05-6 covers apporx. 70 kms of the Pinnacle fault system which is considered to be a key structural element for the migration and entrapment of hydrocarbons in this portion of the Canning Basin.
EMR is also cashed with around $4 million as at early Jul 07.
Hence, IMO I feel that EMR offers potentially the greatest leverage to any discovery at Valentine and Stokes Bay.
It also has interesting US oil and gas interests.
DYOR

<blockquote data-quote="greggy" data-source="post: 191001" data-attributes="member: 3574">Re: EMR - Emerald Oil and GasI bought 65,000 EMRO at 14c yesterday. According to EMR&#039;s announcement of 13 Aug 07, &quot;Emerald has the highest leverage to a successful outcome from these two prospects [Valentine and Stokes Bay] with only 62.35 million shares and 35.63 million options on issue. Emerald estimates that a discovery could add several million barrels of oil equivalent resources, net to Emerald&quot;. Also interesting is that a dscovery at either of these 2 projects will greatly enhance the value of Emerald&#039;s 100% owned permit application block EPA 4/05-6 located immediately west of EP 104. EPA 4/05-6 covers apporx. 70 kms of the Pinnacle fault system which is considered to be a key structural element for the migration and entrapment of hydrocarbons in this portion of the Canning Basin.&nbsp; EMR is also cashed with around $4 million as at early Jul 07.Hence, IMO I feel that EMR offers potentially the greatest leverage to any discovery at Valentine and Stokes Bay.It also has interesting US oil and gas interests.DYOR</blockquote>

[QUOTE="greggy, post: 191001, member: 3574"] [b]Re: EMR - Emerald Oil and Gas[/b] I bought 65,000 EMRO at 14c yesterday. According to EMR's announcement of 13 Aug 07, "Emerald has the highest leverage to a successful outcome from these two prospects [Valentine and Stokes Bay] with only 62.35 million shares and 35.63 million options on issue. Emerald estimates that a discovery could add several million barrels of oil equivalent resources, net to Emerald". Also interesting is that a dscovery at either of these 2 projects will greatly enhance the value of Emerald's 100% owned permit application block EPA 4/05-6 located immediately west of EP 104. EPA 4/05-6 covers apporx. 70 kms of the Pinnacle fault system which is considered to be a key structural element for the migration and entrapment of hydrocarbons in this portion of the Canning Basin. EMR is also cashed with around $4 million as at early Jul 07. Hence, IMO I feel that EMR offers potentially the greatest leverage to any discovery at Valentine and Stokes Bay. It also has interesting US oil and gas interests. DYOR [/QUOTE]

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