EPG 0.00% 41.0¢ european gas limited

Hi,I will not comment further on mistakes and achievements of...

  1. 91 Posts.
    Hi,

    I will not comment further on mistakes and achievements of the previous management team but I definitely agree with you, Dex, on what needs to be done to get this company back to previous highs:
    1/ restructuring the debt without massively diluting existing shareholders
    2/ bringing additional expertise to the table with JV partners and possibly additional exploration expertise
    3/ acquiring additional permits in the surrounding areas
    4/ proving some contingent resources into 2P/3P's.

    In terms of timing, I will give the new management till the end of September to achieve some of these steps because I don't see any auditing firm signing off the accounts if no binding agreement is in place to restructure the debt.

    So I guess we won't have to wait another 6 months to know if the new team manages to get the cheese!!

    Bart
 
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