this is the first deal that the MD has done, so I don’t see how he is addicted to them.
this is a great deal for Empire, and it will not impact first gas, as the initial production will come from the original assets. This is cream on the cake.
if you want immediate gas production you have bought the wrong stock.
Post the moratorium, they have shot seismic, drilled a well and now set up a testing program for the well. I’m not sure how they could do that quicker, but I guess you can inform us of that.
AL
EEG Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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