Hi fp
1. Operational gas plant.
2. Excellent prospective tenaments held
3. Next drilling prospect already proven to flow gas at good flow rate, and as I understand the new well planned is only a few hundred metres away from original drill site which The new seismic shows to be the sweet spot.
4. Existing contra gas supply contract to ALCOA to supply tranche 1 gas to be completed by September 2015 with a contract for tranche 2 already in place at a higher price.
5. Gas plant under 100 km from BP refinery.
6. General gas shortage in WA means hungry gas users = higher prices
7. Excellent management.
All these points are important and seem to be well covered at the moment. I have held EGO for 5 years but feel all the boxes are being ticked at last, and I am confident we will see a marked transformation of this company and its share price in the near future.
Good luck
Ally
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Hi fp 1. Operational gas plant. 2. Excellent prospective...
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