One of the problems is production has declined compared to same qtr last year, and the 5000 boepd target previously broadcast is not mentioned any more - at least I have not seen it mentioned.
I would suggest many shareholders purchased shares in this company due to it's stated target, IMO it is risky to drop a target without an explanation to shareholders and the market generally.
I tend to agree there are developments listed on the qtly that have taken a very long time for little return.
Lastly, IMO there has been some progress in the past qtr eg NT, but I don't understand why a timeline is not published with target dates for NT drilling. Without guidance how will we know how long NT will take ?
DYOR
EEG Price at posting:
8.7¢ Sentiment: None Disclosure: Held
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