EGO empire oil & gas nl

presumptions and assumptions, page-28

  1. 263 Posts.
    I've operated in an oil refinery for 40 years and recently retired. I have a large investment in this company. It's not unusual for plants to be restricted due to light end removal. I'm sure the flash gas system in this new plant will cope with double the throughut. The yanks are good at designing these high reliability compressors. This is one of the reasons the cost of the Gin Gin plant increased. The unpredicted delays in removing light ends from condensate! It will get you every time!
    Getting light ends out of Condensate is expensive. The average punter would'nt know that and the EGO board could have earned some points by explaining it to the shareholders.
    The 1.6c share price is a bargain in my opinion. I would have thought it would have settled at between 3c and 4c once the plant was up and running? This mob have a bright future if they can get over all this crap and instil some confidence in their future. Maybe the current board needs an injection of new people without a mass turnover of most of the current members.
 
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