re: Ann: European Gas Coal Seam Methane Proje...
"Future Corporation feels that EGL's inability to secure the Gardanne lease leaves Future Corporation in a situation of potential opportunity cost and thus negotiations have now come to an end and the Heads of Agreement is now at an end. Future Corporation is in a negotiation and due diligence phase over several other Oil and Gas opportunities at the current time and, based on the outcome of the negotiation and due diligence investigations, will advise the market as to details in the ensuing weeks."
I see this as a good move, market was not at all impressed by these Euro CSG projects, something closer to home like East Coast CSG or NW shelf oil might do the trick
FUT Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held