Well Chesapeake co-founder McClendon thought it was worth him investing half a billion into EEG to drill, is that big enough for you? Unfortunately then the NT imposed a fracking ban and McClendon drove into a concrete wall. His estate understandably backed out, but the EEG share price almost touched $2 when it was a live play. The holders of Native Title for most of the acreage have signed off on drilling over the last five years. There are no "landowners" holding up this play. (FYI, I've been a holder for over a decade in Imperial then EEG). DYOR.
EEG Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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