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ahjay

25,449 Posts.

1383

11/05/16

20:09

Post #: 17740350
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Originally posted by healyn ↑

"$10 million dollars to find 7pj" That will now be a $10 million dollars...........plus cost of remedial action.
What dollar value the extra plus will be is anybody's guess, but it will not be cheap. If the the "good chance of success" becomes a plug and abandon then it will be $10 million dollars plus down the drain.
The way the term "good chance of success" is used in the announcement really seems to say it will be even money chance it will go either way, remedied or P&A.
It is well into week 3 at least since our team discovered the low risk well was no longer a low risk and still no word from the Ken or anyone else at EGO as to whether the "good chance of success" is becoming one or not.
Why the silence? It is an important matter for all shareholders to know.

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Healyn, you are entirely correct in regard to remedial action...If it was me
running EGO I would be informing shareholders weekly at least of proceedings.

EGO Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
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