re: Ann: Expansion of Contingent Resources - ... I love the announcement and am amazed at how huge a resource EPG have gathered for themselves right in the heart of Europe, where reliable gas supply from the Russians is looking very shaky.
The confirmed 2P reserves alone should have the SP much higher than it's current level (see previous threads for valuations) but I'm still not sure if the lack interest in this stock is because:
- Europe is too far away from the QLD CSG boom
- Problems encountered with the Lorraine drilling and the resulting uncertainty around where to go from there (electricity generation? no further information regarding that)
- The looming convertible note issue
- Too much acreage and GIIP and not enough capital or infrastructure to develop it all
- Amateur website :)
I'm not trying to down ramp, if anything there's a great case to ramp it but that's been discussed many times before. Just curious on any feedback from others as to why there's so little interest in this stock.
re: Ann: Expansion of Contingent Resources - ... I love the...
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