EGO 0.00% 12.0¢ empire oil & gas nl

The challenge, page-130

  1. 84 Posts.
    When I left I was pretty drunk and annoyed at the personal attacks directed at me for pointing out the positives. I've been steadily buying shares during the time I stopped posting.

    I do believe in the direction we're headed, we are getting there bit by bit.

    I'm a long term guy, I've never before bought a "driller". I first invested in EGO on the last CR when my broker bought the stock to my attention. I saw it as an undervalued gas producer with significant negative sentiment holding down the SP with the chance of getting speculative drilling upside and I've been buying it ever since. I bought the gas production and balance sheet.

    I don't see the ERM loan repayment being as big as an issue as some on this forum feel. Much easier to raise conventional debt with 2 wells instead of one and it's unlikely ERM will call the debt into default when they're a large shareholder.

    If we can execute on Waitsia then things are going to go a little faster

    Cheers
 
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