Sounds a bit grim Doc. The Board decided to drill near the gas...

Sounds a bit grim Doc. The Board decided to drill near the gas plant to bolster reserves and it didn't pay off.
In hindsight the Red Gully Gas plant has caused the demise of EGO. If they had concentrated on exploration and drilled the Northern areas they might have survived. It was a massive gamble building the gas plant on limited reserves. We all though it was a high risk borrowing all of that cash. Lets hope something can be salvaged for the shareholders.