smart money piles in, page-16

I've looked at EPG but I prefer (and hold) PVE, which is the other large ASX-listed European gas explorer. This offers less blue sky (except for a 100mmbl oil prospect), but also simpler and more straightforward reserves (both to value and to produce from) - conventional gas instead of CBM. PVE's only substantial risk seems to be the Italian bureaucracy.

PVE has also slid recently, so maybe the market is generally bearish on European gas.