SOI 1,824,998,734 from their annual report 20 June 20 Market cap $147.2m Director Mr S Elliott holds 711,931,437 shares (a bucket load), (annual report). A gas producer and user in Australia, Philipines and Indonesia. If any one wants a lesson on the sovereign risk of doing business in the Phiiipines and Indonesia have a look at this mobs failure to deliver anything on time. Frustration personified. My holding has finally exited the bottom drawer with some expectation of shoveling it onto another mug.
A diverse company with 25 affiliates, their Eromanga and Gilmore gas field wells should have been worked over by now and be flowing into the Queensland pipeline. They were paid to bring them back into production. Indonesia and Philipines have hit some stumbling blocks but could on the cusp of resolution. Its a big operation, have a look at their Annual Report.
TA. Coming up from 5.0c on 23 Sept, a steady climb and a big tree shake 18 Jan shows this is going up.
