ECU 3.85% 25.0¢ eastern corporation limited

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  1. 64 Posts.
    ecu eastern corp announcement. ECU has simply announced that they have sold off their gold interests, which is good. They previously announced they had sold off their media interests.

    They are now purely interested in gas in the Galilee Basin of Queensland, and as outlined in their prospectus, they plan to pump it out and sell it ASAP. In the past, three of their five wells have flowed significant quantities of gas. All this has been announced previously in maybe rather tecnical terms which mere mortals like us find hard to understand.

    I believe they have a great future and obviously the market agrees.

    I will be finding out more about the company next Tuesday and any significant news will be passed on.

    There is a seller in the market today selling 7.5 million shares, ( he bought them at about 1 cent) and I am buying as many of them as I can get my hands on.

    Tech
 
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Currently unlisted public company.

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