csgguy lights a fuse under management, page-6

G'day Bon Swar,

Just in reference to your comment that over at EGO, (Empire Oil & Gas), "...ERM backed the current board in last spill and waited till the nuts and bolts were in place then changed their tune."

Not so; ERM were not shareholders in EGO at the time of the previous spill there. They were simply JV partners.

They commenced building a stake on the EGO register only this year.

However I agree 100% with your assertion that "....they wouldn't back two spills..." simultaneously. Whatever their thoughts about MEL's recent management they would have avoided the double aggravation like the plague.

Until ERM are closer to needing gas from the CMB, it would be a case of the devil you know, keep the status quo!

With that, sadly my sentiment remains unchanged.

Hope this helps,

L