The company does not appear to make that many announcements in an attempt to massage the share price. In their recent annual report “LIKELY DEVELOPMENTS” The directors intend to actively pursue the exploration and development of the oil and gas leases in Australia and in the Gulf of Mexico in which it has an interest. As pointed out by another poster on this thread, they are currently bidding for leases in the GOM. First of the low risk Eromanga basin wells to be drilled is in October at Byrock-2, Byrock-1 had encountered good oil shows and perhaps recent share price activity and volume has something to do with renewed interest and speculation on the potential at Byrock-2 ?? Other than that all I can tell you is wait for the company to issue an update on its activities.
ETE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
