Despite 2 quite positive announcements to the market this morning, the market seems to be looking elsewhere.
Why?
The board and management is:-
Agile
Entrepreneurial
Highly experienced
Has significant operational knowledge of the Perth Basin.
Focussd on transforming Empire from a producing small-cap to a producing mid-cap within 5 years.
Empire is one of the leading hydrocarbon producers in the Perth Basin and is the largest acreage holder in the region
Reserves and resources underwrite current contracts, as well as providing a strong platform for growth
Unrivalled quality Perth Basin prospects
Empire has a focused pipeline of high quality exploration prospects
Red Gully North-1 successfully delivered 53m of net gas pay, exceeding pre-drill expectations
Near term operational, corporate and macro news flows will provide a number of share price catalysts.
I have no answer. Previous catalysts for increasing investor value have been ignored.
What does it take for the market to be interested in this company?
Despite 2 quite positive announcements to the market this...
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