They have held this same ground in the NT for decades, well...

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19/11/19

14:01

Post #: 41508200
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Originally posted by samsam23: ↑

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

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They have held this same ground in the NT for decades, well before any fracking ban, and have done nothing with it.

Agree the current management seems better than the last, but they are yet to prove it.

The best thing IMO they could do is put NT up for sale and then pay out to the Shareholders for once instead of the Shareholders always paying them !!

EEG Price at posting: 49.5¢ Sentiment: None Disclosure: Held
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