Remirez, I Agree
12 months ago now EIG came onboard and Mgt said ...... this is our white knight ... our funding solutions.
Since then Mgt have informed market of ... sub par flow rates from their 30 wells and NO funding solutions for expansion of WSGP and not a peep about funding for Atlas.
This is reflected in the SP moving from 31.5c to 35.5c in those 12 months whilst POO has doubled and we have an East Coast gas supply crisis , reflected by a doubling of per GJ prices paid to suppliers.
Go figure hey !!!
Will tomorrow reveal anything new. Unlikely ..... what is likely is pretty pictures and a reminder about how well positioned they are to benefit from rising gas prices.....
My response ......... Produce some commercial gas flow first hey.
SXY Price at posting:
35.3¢ Sentiment: Buy Disclosure: Held