EEG 3.45% 28.0¢ empire energy group limited

Large PortionsI agree the price is far to low for to long....

  1. 116 Posts.
    Large Portions

    I agree the price is far to low for to long. However I see very little the company can do to prevent the share price being played with. A lot of work has been done over the last year, and no matter what, the share price goes down further.
    Even with AJQ's drilling of Lamont Pass 3 well, which is basically de-risking part of our acreage the share price goes down.

    There might be good fracking news coming from NY, now that the state elections are out of the way. The purchased pipeline in NY state should be in service by now, which will be adding 10 % to the gas revenue. The acquisition still did not happen, (should be soon).

    Will be interesting to see what happens when AJQ drills through the Coxco Dolomite target. If we get a conventional pressured reservoir the share price should fly.

    In the meantime we could hit $0.074 for the all time double bottom before we take off.

    Hold on to your shares, this is like daylight robbery at the moment.
 
watchlist Created with Sketch. Add EEG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.