I've done a 180 on this - I think if you were to take part in any raising this will be the one.
Although the timing is shit in regards to where the share price sits, the rationale makes a lot of sense. Just pick up any paper today and you will understand why.
They are drilling another hole this year in the hope to expediate production from 2025 down to 2024. If successful with the current wells contracts will be locked in early 2023.
If they execute what they are hoping to achieve it will be in all shareholders benefit.
Once the presentation is out Monday I wouldn't be surprised to see the share price rally back up.
Good luck all holders.
EEG Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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