short term trading week starting - 24th jun, page-5

  1. 498 Posts.
    EEG looks good

    Release from EEG today

    ACQUISITION OF GAS PIPELINE - CHAUTAUQUA COUNTY, NEW YORK

    At least 34 wells shut in waiting action for pipeline repairs can be bought back on line. Some of these wells have been shut in for over 3 years.

    Revenue should be about $30 million for 2013
    plus the potential of added producing licences
    this year

    Current total combined 2P reserves are estimated at 14.8 million Boe.

    It appears a major fund shareholder is selling down
    their holding and this selling pressure and the market
    conditions has decimated the current shareprice
 
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