Even though the AJQ shareprice has sucked wind, the end result is ; two drill holes, two wells. 12 km down the road.
The fact that these wells have flowed at rates which indicate they will be productive seems pretty decent to me and outside of G & A , EEG hasn't yet spent any money !!
AJQ is churning through it and have indicated that they will continue to do so.... not a criticism , just an observation... so they are doing the risking whilst EEG waits to see the outcome.
There is so much total junk listed on the ASX with market caps so far in excess of this stock that you sometimes have to wonder what Aussie analysts do all day
Ann: Company Presentation - August 2012 , page-4
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Mkt cap ! $188.2M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 18.5¢ | $834.6K | 4.362M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 353396 | 18.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 100652 | 1 |
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