This Market Update is getting my juices flowing on this one again.
Look at the numbers
2.4TCF target in EP187 alone (>3 times the size of Strike's interest in the West Erregulla discovery and they have 5.5 X EEG Market Cap)
They have done a very thorough and professional job on the background work required to publish it. We all know that the shales have now been demonstrated to be prolific with all the right signs we would like our hydrocarbon rich plays to have.
But in addition the technical work is broken out as is the drill plan so we know exactly where they will be.
Contiguous with the majors up there, all approvals in place, great government and stakeholder relations. Significant progress being made here and management laser focussed on delivery after 18 months consolidation and getting positioned to go to the next level
Most exciting onshore well in Australia this year
EEG Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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