EGO empire oil & gas nl

You have summed up exactly my feelings in your last paragraph...

  1. 3,101 Posts.
    lightbulb Created with Sketch. 665
    You have summed up exactly my feelings in your last paragraph Lani. I'm not sure if we have been presented with all available options. We all are waiting on the reserves update of the B sands & if that looks like it can fulfill further years of gas supply to then I'm sure they would not hesitate pre-paying again for a further 10 mil + of funding or say enough for further drilling of 2 wells. If we get a further discovery in 389 then that will indeed light up the share price & we would only jump at the CR to increase the capacity of the plant. I would just like to see if the board have made that approach to Alcoa (if our reserves update has the capacity of years of supply to you will you give us xx dollars for the next 1 - 2 years supply of gas?) so that we can indeed weigh up the choices once the report has been released of the ERM option.

    Something else I suspect would be that the new Board have come out with a warts & all scenario after taking over & we have seen the share price fall as a result of being worse than it really was made out.to be by previous board. Now if I was smart that is exactly what I would do with the "if we do this & then this" providing a list of fixes so that when actioned successfully would increase production at the plant (last month increase to 90% production) etc. I think without the current proposal being put forward we slowly would have increased the share price as we see the good results coming through with the plant production increase & the other great results from the nearby acreage discoveries. These guys have great credentials & I do believe in them however I would like to see other options like previously mentioned (& by many others too) before agreeing with the current proposal.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.