EGO 0.00% 12.0¢ empire oil & gas nl

Farmin details, page-21

  1. 1,101 Posts.
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    G'day Kit,
    Getting back to your original post re Farm-in, as much as I agree with you that there is a whole lot more to be revealed, I can't help but conclude that there must be a strategic reason for the head shed to keep the share price in its current trading pattern.

    Any announcement about a significant Farm-in will affect the share price action, and until the current identity cricis facing the B&M is rectified on two counts (1 Growing discontent with performance of B&M, and 2 the pretencious brand idea - Operator of choice) I believe there is unlikely to be any serious engagement from potential JV entities. The new CEO may well attract some broader investment interest, but the abstract facing us all including anyone thinking about investing or Farming into Empire might be described as something else;

    "It looks like a duck. It waddles like a duck. It quacks like a duck. But beware! A duck it ain't, but the biggest problem for everyone is;
    No one knows what it is?
 
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