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12.0¢ empire oil & gas nl

Ann: December 2015 Quarterly Activities Report, page-12

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wingedwarrior

6,652 Posts.

1354

27/01/16

11:56

Post #: 16875145
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And AW

Originally posted by jake0002 ↑

as someone pointed out, AWE has sold US assets, for about A$280m, and will repay all its debt, and have A$60m cash left over.

So it had debt of maybe A$200m?

I would think those debt facilities are still available to AWE.

With our poor old EGO now sitting at a M/C of about $34m, with a sound cash flow, prospective assets sitting right next to the AWE permits, --- surely EGO is a sitting-duck????

Wouldn't AWE be a good bet as a Farmin partner at the least, or more probably a Predator?
With debt facilities available, a t/o of EGO by AWE would be chicken feed.

Geez, all it would need to do is agree a price with ERM (which certainly wants out) and its game on. IF it can agree a price with PG - then its game over!

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And AWE are now up more than 33% today following their positive announcement & potential. Wish I had switched to them when their SP was same as EGO's earlier this month. Was seriously considering it, but here I am STILL waiting for EGO to make their forward move after years of it! :-(

EGO Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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