EGO empire oil & gas nl
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  1. Harry3539
    1,680 Posts.
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    01/12/16
    16:00
    Post #: 21034058
    Ahjay
    Junior production/ exploration companies don't/can't borrow to drill exploration holes. They get money from where they never have to pay it back.
    Crabbe21
    If it's good news (much depends on the condensate ratio) they will have at least a chance at a rights issue for the next hole. As it said in the 2016 AGM Presentation, we will go it alone if a farmee is not found by March 2017. MIN is the $64 question between now and March 2017.
    EGO Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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