re: Ann: Successful Gas Flow Test in Lorraine...
A string of very positive announcements lately (including the Director Incentive Option Issue), but not enough to put this on the market's radar.
My concerns are:
- The continent reserve certification is great, but a firm plan with dates and rig bookings to get drilling to convert the C reserves into P reserves would be excellent.
- Folschviller was deemed 'commercial' - what were the flow rates? Do we just have to take it on face value that is commercial?
- Bank of America on the registery. Looks like they were loaned shares from Merryl Lynch. Similar announcement came through for Dart Energy (DTE), both European energy companies. Are BoA looking for upside or some short selling opportunities amidst the uncertainty of Europe? I hope the former. Not much to sell into with EPG.
EPG Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
