EGO empire oil & gas nl

What this AGM is about, page-8

  1. 3,102 Posts.
    lightbulb Created with Sketch. 665
    Hi toppy, you are right it really isn't funny but what has been happening is an absolute joke. I gave these guys a chance for the first year however I changed my tune when it looked to me that they were more interested in what ERM & their friends wanted rather than the vast number of SH's....... & that consolidation (which they were warned about) was an absolute disaster. I remember posts around they cleared the air with all of the "how bad" the situation really was (warts & all), the reduction in reserves only to be re-instated later. I knew they would dazzle us with their brilliance as anything (including the cost savings in running the plant) would amount to fantastic news after that. Remember, under promise & over deliver? It just turned out to be as you say regurgitated rubbish as any good management would & could have done the same in our day to day running's (remember even Craig said the plant would need tweaking to get the output right). We desperately need holes in the ground & hence we should have never looked at buying out ERM (I'm pretty sure Surandy was very vocal among others around this) & should have made them continue as a partner to cough up with the drilling costs as had we been putting holes in the ground we would be in a much, much better place now.

    Time for change is well overdue, I just hope everyone gets on board that train with hopefully electing people of the caliber of Griffo to the board to work for all of us.

    Good luck!
 
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.