EGO 0.00% 12.0¢ empire oil & gas nl

16.6%, page-43

  1. 12 Posts.
    There is actually a few more differences: Red Gully is almost produced out, water is increasing, and with a gas well unlike oil, you cant take much before it kills it. secondly they have dropped over $15 mill on RGN that is unlikely to pay that back, and may not even be worth putting on production.

    As for exploration prospects, they are just that, it will take a change in industry sentiment before many farmins come back on exploration wells.
 
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