There's a pretty big difference. The Founder and Executive Chairman (RIP) has moved on and with him the old work practises.
They've cut costs, moved on extraneous assets and personnel, installed a highly professional Board and Management to stop the silliness and of course have had the tenacity to still exist and be holding a hugely strategic piece of ground in the NT when the Fracking Moratorium was lifted.
Now without the distraction of the US and the millstone of debt removed and with the NSW and Vic Govts refusing to show common sense and allow onshore drilling and fracking they find themselves probably the best placed company behind the Majors to build a world class gas reserve and fill the LNG needs of our Northern neighbours.
They will get killed in the rush on this placement and it's unlikely given the newsflow we all know is coming from STO and ORG that we will see these levels again barring a crisis
EEG Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
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