I recently took an interest in FUT who have signed a HOA with EPG to invest in the 3 mentioned projects. My reading on the farm-in details obviously written by the company paints a potentially positive description of the permit areas backed with historical coal production old workings.
With regards to this can soneone pls give a short review on the following points;
1. Studies are expected to commence in 2010 - what is the time frame for EPG to begin meaningful apprasial 2. What are the thoughts of EPG holders towards these 3 permit areas, do you see them as important to EPG.
I note for Gardanne Queensland Gas Co. currently have an application pending. One of the plugged wells has records showing a recorded flow rate of 1308 cubic meters per hour, is this under the EPG permit?
EPG Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held