Seriously guys lets put our differences aside and look exactly...

Seriously guys lets put our differences aside and look exactly where we are at and more importantly where we are heading. We all face very real and serious concerns with our investment is this company it's a lot worse than we all think.

1. They are seriously struggling with sourcing and repaying debt - If they do manage (looking unlikely now even report highlights this) if they do repay at what cost, the interest will be large. So why did they do it in the first place, bad decision and this is the biggest factor in not attracting investors and farmin and it has seriously effected the SP. Companies with huge bebt and little cash always struggle. Hello that's EGO. They would have been better to have maintained JV ERM. If they are lucky to find farmin then what actually have we achieved from having ERM as JV in the first place.

2. Experience and Independence on the board - TI ERM not a great track record and shouldn't be chairman, Doesn't even work at EGO office. Vincent lacks experience and was a quick fix to stop Kent coming into this company. He is the son of a top 10 investor who is best mates with St Baker bosses of ERM. Garret big investor, that's it an investor. Brown responsible for consolidation of WHL it was decimated by this action, we are heading the same way. Seriously is this the right mix. 3 of the 4 are all involved with ERM or protecting their investment, seriously can't anyone see a HUGE conflict and where is the independence. Ken seems to be a very hard working and experienced oil/gas manager, but is not a director, he really has no say. The board controls this company not Ken unfortunately.

Another point why do we have 4 directors for a very small high risk explorer. Suggest vacate one position and go back to 3 immediately. We have according to website an experienced management team working for directors and we constantly contract out at a huge cost. So I ask you all do we need 4 directors. Stop looking after themselves. Change the structure and their performance is essential.

3. Communications - well the financials etc is full of pages just repeating themselves over and over again. Debt, legals, farmout, repeated 3-4 times. All I got out of report is we don't have a lot of money, maybe drill mid 2017 unacceptable. Serious problem with debt and finding farmin. Some on here say great announcements, well I read it a different way we are in serious trouble. The board know this as well.

4. Remuneration - seriously the board need to regroup and focus on just how serious EGO is on many factors. I know they know we are in a huge world of pain. They are nice people but performance so far is bad. Mistake after mistake. They URGENTLY need to preserve cash and fast. I suggest they take a pay reduction in line with investors losses. If they are seriously the right team then reward themselves in shares at a time they actually return value to holders. Most companies are laying people off and taking pay freezes why aren't they.

Do this and then they might be able to achieve results quicker, at least be a bit more motivated and marketing more etc. What's their incentive for going slow and SP heading south (top up level - great company policy isn't it) - simply they continue to get paid the same, but wait next AGM will be wanting more for hard work, seriously. Most boards in most companies over pay themselves while grossly under performing only inflicting more pain to shareholders portfolio. So do they really care about shareholders and unlocking value! They are responsible for their decisions and where we are at. Oil price, global factors is only one thing the boards actions are another thing. Other companies are going great, why aren't we, we all know why.

5. Consolidation - EGO the gas story, 10TJ a day, is nothing, seriously are we a mid term gas producer. MC 30 Million and falling, our board seriously blown this consolidation, 25-40:1 not 100:1. The stock is so ill-liquid no one can actually trade and get out even if they want to. This is the second biggest important mistake that our board has done. We will never recover from this decision. They board will as their investment is around 50c. Most holders are well over $2. Yep great decision wasn't it. Even brokers and investors see this stuff up. We have irresponsibly out- priced ourselves. Never ever going over $2.

6. Going forward if debt not paid then we are doomed, RG N well expecting lower reserves than RG so at best top up for RG, nothing earth shattering here to cause market into buy frenzy. We will stay around or below consol price. No further action until mid 2017. We have major debt and cash issues. Huge admin, legals, salary/wages and directors fees well over 2Million a year. We have no cash so further dilution and or sell 45%of company to farmin or even worse fire sell of this.

I could go on but seriously very tired of this, we are in a much worse position than most of you realise, why else do the board remain in hiding, very silent. People call office no reply's or emails. Things have changed and sadly not heading in the right direction. I don't expect some of you to believe anything I am saying but DYOR and please wake up.

Finally I take my investment seriously and do not agree with people saying when a good announcement comes out I or others try to kill it. What was a good announcement since the new board came it - a huge gas play of 53m so what is it really, what other great announcement has been made. That's utter rubbish. My posts have been before announcements and just maybe I am really concerned that I may never see a profit in my life time. I believe we have more chance of going under than seeing a profit if things remain the same. So change is needed.

So over to you guys who seriously think EGO is a winner under the great performance of our board. Maybe that's the whole problem, you lot are the same calibre and learning guide the board are reading of how to manage and unlock value for holders, if this is the case well I will call it now EGO is a big FAILURE. Have a good weekend to all. Next week and many future weeks isn't looking great for EGO imo.

Back to other stocks which are making me serious money. This is fast becoming a dog and a mess. Can't organise debt then it's all over. Before you say it I can't get out as we are so ill-liquid, trust me I would. If someone offers me a good price will sell out now. Maybe someone on the board can do an off market transfer so I can go and leave you good people in peace. Maybe Wabbit etc can email the board and ask them to buy Singa71 out as I am directly responsible for our pathetic SP. Great idea. Can any of you supporters manage that.