an introduction to european gas ltd

Thanks for your data, guys.

EPG--European Gas: http://www.europeangas.com.au/

Price and history:
http://stocknessmonster.com/news-history?S=EPG&E=ASX&Year=2006

Graph: http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3AEPG&time=&freq=


Summary: On 16 March, a placement @ 65 cents to Europeans was made They then drifted to 48 and are now 62.5 cents Total shares: 161.5 mill and 6.14 mill unlisted Man. options.

Prices for gas in Europe are high in contrast with US prices, where the FED interferes and Australia where coal gas has been cheap.

One reason why the share price has sagged is because of little activity. However, drilling is to start in the June quarter.

In the meantime, more permits have been obtained and the gas resources have been assessed based on previous data:
http://sa.iguana2.com/cache/53d4fde47b7a96ecfe8ae87ae756e180/ASX-EPG-311604.pdf

http://sa.iguana2.com/cache/25a94e36cf3a953ab8a3bba14b7ed2f8/ASX-EPG-312388.pdf

EPG, Febr 2006 Presentation: http://www.europeangas.com.au/pdf/EuropeanGas_February2006.pdf


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.