breaking news - cuomo stalls on fracking ny, page-13

Phoneman, i stand to be corrected, but the last time i checked EEG assets, the New York huge 400,000+ acreage that EEG has shows a $Nil value at present, on EEG books.

Once fracking is permitted, of course that land will skyrocket in $$$value. November Politics of the Federal and State elections currently stands in the way of that revaluation, at present.

It is interesting to note Governor Cuomo's statement that, "the day after the legislation is passed" he "expects law suits will follow". So, that seems to be an indicator that at least from Cuomo's point of view, he is still keen to permit horizontal fracking.

After all, with the USA $16 trillion+ in the red and the loans meter screaming along by the second, whoever is President is going to have to do something to turn the economy around, or risk default on the loans to the Chinese and Arabs. Something that would trigger an economic domino effect disaster in the world ...unthinkable and not allowable for anyone in the hot seat of leadership.

Natural gas is becoming the USA's only real hope. Meantime, tuck the EEG shares in the drawer.

There of course is also something much bigger in store for EEG, if our Greens Party keeps its nose out of it ...and that is EEG's very valuable Northern Territory natural gas leases, just knocking on the door for permits.

When that takes off it will be bigger than all of the Marcellus and Utica gas shales put together. The shale producing gas zones in EEG's Northern Territory leases, are already known to be much thicker than in USA.

So, that is another bonanza for the reasonably near future for EEG.