re: Ann: FUT: FUTURE CORP TO INVEST IN COAL S... EPG has 100% of their three major projects ... Lorraine, Gazonor and Lons le Saunier ... all in France ... I am relieved they weren't farmed out.
The recent debt funding will be used to advance those projects.
The farm-ins for Gardanne, St Etienne and Tuscany are welcome imo ... the permits are held on a "use or lose" basis.
I can envisage that news releases on 6 active European projects over the next 12 to 18 months will be good for EPGs investment profile.
The recent Board appointments are excellent too imo ... both Rod and Julian have good knowledge of the French gas permits. In Rod's case, I know he is positive on Lorraine and I assume he is the driver behind completing the Folscviller test well this year (as I recall from a recent announcement).
Cheers Dex
EPG Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held