EGO 0.00% 12.0¢ empire oil & gas nl

pipeline, page-33

  1. 5,453 Posts.
    lightbulb Created with Sketch. 21
    When we are producing double the gas and condensate we a currently sending into the market, we might see some more telling ripples on the pond.

    The above will not happen, certainly not at the Red Gully plant site. Empire has already stated a number of times including in the last Annual Report that it will only consider expanding the Red Gully plant to produce another 5Tj/d if RGN-1 is found to be commercial and the flow rate is sufficient to sustain that 5Tj/d. The market has absorbed this and has acted accordingly.
    If the market has got it wrong about RGN-1 it is the fault of the first announcement regarding log readings.
    The completion data (if it is and can be readily interpreted by the market) should set the record straight as to whether RGN-1 was worth expending the millions for drilling it or it will be a little better than a duster which imho is what the market presently sees.

    DYOR
 
watchlist Created with Sketch. Add EGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.