Indeed wizza123.
The company released a presentation today which reads very well.
With $6m in cash and revenue from the GoM assets, and no major outgoings this FY, no need to raise cash.
Clearly they are heading out on the marketing trail shortly, which should get the share price interest rolling along.
EV of $10m which you could just about attribute to their pipeline asset alone.
After so many years of inactivity, I am really looking forward to the next six months, which could see four wells tested!
People think the energy stocks en masse are a little dead at the moment, but good stories and drilling success can very quickly change that, particularly in micro cap land.
First well result this month - fingers x'd. Glta long term holders.
ETE Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
