EPG european gas limited

gazonor only just covering interest payments?

  1. 1,546 Posts.
    lightbulb Created with Sketch. 5
    Looking at the half-yearly, the net income from Gazonor - about $1.5 million - is pretty much the same as the "financial expenses" - presumably mostly interest. And the cash flow statement suggests EPG only has enough cash to keep operating till September, even if they spend nothing on development/investment.

    I don't think even well-head micro-generation can come online in this time frame, so they're going to have to raise money soon.

    I still feel the lure of those huge reserves, but I'm sticking with the more staid PVE for the moment.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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