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One of the best posts i've seen on here for a long time. I would...

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gsaussie

225 Posts.

24/01/16

23:39

Post #: 16860622
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Ahjay,

I actually think you are right!

Nothing is good enough for the geese, and their totally negative chorus is beyond anything useful, to this forum or to the EGO Management.

That irritating noise/static is a toxic blanket on hot copper which is surely to be ignored by anyone in EGO management who might have any empathy toward the contrary views of some.

If however, the choir of disgruntled folks were to organise themselves somehow to work up a manifesto of alleged wrongdoings by the BOD, and make appropriate COLLECTIVE representations to ASX, OR ASIC, then perhaps the little interest the print media showed before the last AGM towards shareholder grievances might be intensified to get something happening in the public arena. A collective or Coordinated approach may bring some change.

I am not sure about how effective this approach might be, but if you want change then you have to work out a way to drive the message home more forcefully. It would seem reasonable overall that the company would want to enhance the shareholder relationship through deeper interest in the issue of "Better attention to the needs and interests of shareholders".

Last time I checked it is 11 months till the next shareholder AGM forum, but meanwhile there are collective steps that could be taken to bring about the required attention from the company to share holder needs.

It is futile to be suggesting that the share price is a plaything to be talked-up on the whim of the resident Geo'. I don't understand why there is continued expectation that this should be so. More info could be published, but it seems they want to be careful about any announcements of gas pressures and purity until the proper test results are to hand. For good reasons I am sure.

If anyone is remotely interested in how this company is going to become a mid-tier O&G producer, Then perhaps that might be a better agenda to be pursuing currently?

That Mid-tier status looks to be quite a statement of ambition from the CEO or Chairman, and I would like to know more about the road map and time lines leading to that very enterprising strategic objective.

While I am at it! I would like to know what the strategic plan is going to be for the next two holes, and when?

Are they now on hold because we have to wait 18 months for 2D survey overlay? I would also like to know when the next capital raising is to occur?

My point before you all start on me?

I hear this voice ! Could it be saying; "Stop complaining, get yourselves organised and DO SOMETHING! At least get some professional advice about what can be done to improve the situation!"

Note ! This is not a call to action from my part! I have no interest or desire in taking any action against the BOD or the Company, or More to the Point, suggesting that anyone else should.

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One of the best posts i've seen on here for a long time.

I would be interested to hear from the board about any strategy changes considering the low oil price also.

I'd be curious to hear peoples opinion on what strategic changes the BOD could possibly make considering commodity prices. Is it even worth spending money on developing oil and gas fields right now?

Last edited by gsaussie: 24/01/16

EGO Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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