EEG 8.89% 24.5¢ empire energy group limited

Joel, I've also been here over a decade, buying the many dips....

  1. 620 Posts.
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    Joel, I've also been here over a decade, buying the many dips. Averaged down again in the last week at 23.5, so my stake, a bit more than yours, will be back in the black at 27. Fortunately I have trimmed on occasions to book some profits in some years. Still believe we are sitting on a major resource which will reward our patience, management continue to methodically put in place the steps to get us to production. As you will appreciate, all oil and gas plays take many years, few small players have such a big proven reserve to develop. The reality is it takes capital to commercialise, better we continue to fund it than a farm in too soon which would lower our long term payback. Best of luck to both of us and fellow long termers.
 
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