EGO 0.00% 12.0¢ empire oil & gas nl

I think in hindsight, EGO should of stopped any forms...

  1. 85 Posts.
    I think in hindsight, EGO should of stopped any forms exploration and drilling (any forms of spending) to maintain a stable cash position for at least 1-2 years.

    Problem with that is that everyone would be complaining that they are not unlocking potentials. In this climate, there is no real win unless there was a major confirmed discovery.

    Given the revenue, I don't think that refinancing will be a problem. Hopefully an announcement will be released soon to shed some light on this. BTW, I don't know why there are talks of liquidation, do you know something we don't?
 
watchlist Created with Sketch. Add EGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.