I just see this stock notching steadily upwards. Not only towards drilling in June, but continuing way after as the Aussie and European markets realise the worth of EPG.
Anyone with a holding is aware of the massive gas reserves (CMM and CBM) and the dollar value. But what really sells this co is the comparative ease that the gas can be brought to the market.
The gas pipeline infrastructure in Europe and very close to the Lorraine permit is well established. The market itself is huge and is open to any entrant that wishs to supply into it.
Environmental concerns are minimal, in fact I've yet to read any in any report.
Capex in regards to proving, accessing and exploiting the resource is minimal compared to other natural resources such as oil, uranium and natural gas for example.
After reading all the EPG reports and presentations I could find, it's staggering the amount of gas that coal mines old and new can contain. Some mines in Italy where EPG are applying for permits have been closed not because of lack of coal but because of too much gas.
This share is not going to triple or double overnight, but it is going to steadily gain in value without the significant risks carried by other shares. I hold EPG and am happy to hold over the comimg months - years.
I am an investor not an advisor. Cheers
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