I think it reasonable to assume that EEG is cushion from the difficulties US shale industry i.e. where Alex has positioned EEG as junior speculative pure play on the beetaloo basin with divestment of Kentucky asset and paying down debt... raising $15m to develop beetaloo. The other significant asset is Marcellius but as long as Cuomo is governor fracking memorandum is firmly in place... and really New Yorkers have a really low opinion on fracking.. in my opinion that asset is valued at zero.
Likely impact on EEG given oil price crash?, page-6
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24.0¢ |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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