what we know ...

In point form and no particular order and far from complete ...

.From just 7% of the original Lorraine permit, initial GiP 979PJ and, by understated management admission, likely to be upgraded on Folschviller and Diebling results.
.GiP for the entire original Lorraine permit over 6000PJ.
.The original Lorraine permit more than doubled in area to just under 1000km2 by successful application for a southern, prospective extension.
.Recent granting of Lons le Saunier gas/oil permit which cover nearly 3600km2 (I recall) and at last yrs AGM, this permit was just an application and was exciting a normally demur EPG management ... development with partners was the word.
.An as yet barely looked at permit in northern Italy where the coal seams are anticipated to have advanced insitu gasification due to elevated regional ground temperature.
.100% ownwership of most if not all European gas assets following a successful takeover of Heritage Petroleum.
.A very tight and tightening share register with now well over 60% held in the top 20.
.A successful tender for the purchase Gasinor (sp?), a coal bed methane producer at several locations in France ... yet, but hopefully to be signed off by Pres/PM Sarkozy.
.The Gasinor assets currently produce a positive cash flow and a few one liners in relevant announcements suggest EPG management backs itself to further develop those assets, some by the addition of gas turbines to produce highly regarded "greener" electricity into the French grid.
.A relatively stable share price, despite this having turned out to be a year of consolidation.
.Some significant institutional investors on the register ... Fidelity, Anglo Pacific and Golden Prospects that we know of ... with something more than 40% held in nomineee accounts.
.A very successful raising at 65c within just a few months of having been trading at sub 7c.
.A mysterious convertible notes issue at $1.20, conditional on closure of the Gasinor transaction and leaving significant funds to further develop those assets.

Value investing isnt for the faint hearted nor ADHD afflicted traders. The above moves are determined and premeditated imo.

Success with the Lorraine Pilot Production Program (which could very well have already started) should be more a matter of when not if based on recent (well near recent lol) drilling and laboratory results.

Tick, tick, tick .....

Poyndexter