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12.0¢ empire oil & gas nl

Wo Samurai8 you are more pessimistic than me :] I get the same...

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Falcon.

532 Posts.

31/12/16

05:46

Post #: 21618500
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Originally posted by Samurai8 ↑

Hello Falcon all the best for the new year,
Even if the new well is a Gusher or if by some miracle there were ten wells drilled in a short space of time all productive (Not Possible) with this company, the only possible way that this company will increase its SP is if an other big player buys this company outright that has the cash to not only buy it outright but to develop the gas side to be transported and sold overseas, Australia does not have enough large industry to sell the gas to or enough domestic buyers to fill that gap to buy the gas at a price that would return a profit to this company,
I have come to realise its all a piped dream,or nightmare depending on your losses your age & your expectations of success, I am still going to Alaska when this company returns my investment at the cost price I laid down, of course they can keep my loyalty with pleasure.

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Wo Samurai8 you are more pessimistic than me :]

I get the same feeling with this mob although never thought much about the sales side of things as that seems the least of our problems but i get your point

Also, by the time you get out even (or with slight loss or profit) will prolly be the time to hold on to them - usually what happens in the market place.

EGO Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
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