Agree toppy, from where I see it management could do a better job with respect to information, informing SH's. The TH was premature and demonstrated to me a lack of professionalism and confidence of what they are actually doing. I am concerned about this well and we all knew the risks of drilling this hole and any future holes. It's not an easy game. They took the easy option by doing this well first and it was never going to be a big gas reserve. But they took the easy option and if works keeps the company ticking over.
Unfortunately for all of us after the very large consol if this hole wasn't successful or significant then the dredded consol would have major effects on SP and that is what I am concerned about. Yes Willo 0 days,what's your point, what dis you buy in at, please give it a rest did you pay 2-4c.
But it was always going to be a hot topic and won't go away easily. Reality this is an emotional topic and we all want our board to prove us wrong and again demonstrate that they know more about this than us. Only the company can change our perspective regarding this. Not the pro consol people flogging their agenda.
In any case I am more concerned about making money, not losing money and after 2 years this is what I see. The delay of releasing BS survey results is concerning to me. Why are they taking so long. Why are their drilling announcements so light on with info. Why are they stalling and not disclosing all the info I and many of us want. Healyn is spot on with his requests, he seems very polite and intelligent not a in fighting specialist unlike some on here. I unfortunately feel the board are concerned hence the delay in releasing quality and much needed info to date. I hope I am wrong.
They have just as much to lose as all of us, especially at these current prices and if slides further then we are all going to feel more pain including them, as they are large holders. I am also worried about farmins etc, so they can survive. This stock had so much potential and now starting to feel our board really are struggling I am sure there are better people out there to run this company better. I hope our SP doesn't hit 5-20c before most holders wake up and say they have to go. So please our board communicate and encourage me to believe in you, show me something to believe in and justify your extra $25k share bonus that you have a handle of what you are doing .
Let me remind all investors that the Perth Basin isn't the easiest basin to drill successfully for conventional wells. Most previous companies struggle and it is becoming apparent to me this is the case. As I read years ago from a poster only so many sweet spots in this basin. Fraccing is costly and will be the only way any company is successful in the perth basin unlocking the large reserves and going forward with significant success.
Owning the largest area of this basin is not necessarily a winning formula for success. Money and aggressive drilling program is the only way EGO and many companies can survive and be successful, that is my take.
Reading the negative tit for tat isn't helpful and some need to grow up. I personally have my own opinions on both pro's and con's. As I said before the board are the only ones accountable NOT individuals on this site. People like Healyn, Harry and others have my respect, some on here are only interested in throwing fuel on fire, it's obvious to me they trade and love the infighting. Again relax, enjoy xmas and please grow up we are not school kids, we are here to make serious money it's not a forum for kids social media, some on here should stick to snap chat, instagram, face book etc.
We have a bigger issue and that is if this well is not good or profitable then we have many months of doing nothing until we drill again and this concerns me more than a dud well. Board wake up inform us the survey results and drill Lockyer if not we will all be upset in 2016 as I can only see our SP sliding south at a fast rate in 2016. Anyway it's the holiday season and I am out of here until our board release want I want.
EGO Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
