Thanks Stumpy,
I'm not familiar with EGO in details but am aware of EPW being the top shareholder. A quick look at its company presentation that
EGO's money generating assets are certainly worth considering. Gas and condensate sales are the two things that MEL had hoped to achieve in NSW but never been able to.
EGO owns the gas processing plant established next to an existing pipeline... Remember the Lions way proposal and a show of condensate while drilling Corella? MEL had such high hope in NSW.
MEL Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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