EGO 0.00% 12.0¢ empire oil & gas nl

Pointless whinging...., page-37

  1. kkw
    7,153 Posts.
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    EIBT half year of $5.3mil also means operational expenses of $5mil for the half year. That's a lot of bloody money to run that joint! Considering that the plant cost less than $0.5 mil to maintain half year.

    Regard to the CR raised to explore RGN, I hope they don't turn around and tell us the reason that the budget to drill RGN is over the line is because that was rig cost only and does not include labour.
    The only I can accept as extras is (pending RGN result being positive) cost of laying the pipeline, extra work on the plant, approval expenses etc; but then, we are at 9.6 capacity already.

    So they may suggest to have another plant at RGN or expand the capacity at the current plant.

    KKW

    PS
    I was debating to cut my losses and swap over to AWE when they were near parity and didn't. What a mistake, I would have doubled my money already.
 
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