EEG 6.12% 23.0¢ empire energy group limited

This line in this announcement "The MOU does not restrict Empire...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 226 Posts.
    lightbulb Created with Sketch. 31

    This line in this announcement

    "The MOU does not restrict Empire from engaging, negotiating and entering into agreements for use
    of the McArthur River Gas Pipeline."

    must raise the serious prospect of EEG selling gas to power McArthur River in the not very distant future, the pipeline runs so close to them.

    Would be a good question for management, could be a domestic and US producer in short order. Analysts predicting $12 for US gas so might be a good time to clean those assets off the books too which would enhance already strong cash position.
 
watchlist Created with Sketch. Add EEG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.