EGO forum is amazing filled with conspiracy theories ... Really logically can anyone point to evidence that ERM would want to be in the gas business as I can point to them selling out of all other Gas investments , stopping the marketing of retail gas sales ... and the profit forecast for EGO are much higher than I can see.
The plant we have as I understand it wasn't new it was partly new and partly second hand refurbished.
The sales price over and above Alcoa is at market prices which are depressed and the condensate get the low per barrel price ...
I dont see these profits of $10 million and $13 million. I got to back of cigarette box around $7 million last time I did it.
The company cannot give money back to shareholders it will have to find finance to repay debt to ERM or as I suspect ERM will provide the finance because no-one else will.
Unless we have money to drill we are not an exploration company. The latest well wont have added to our reputation ...
Personally we are a struggling explorer who needs a few things to go right for it to drive its share price and value up.
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