And it is not the usual pie-in-the-sky GIP where a company says "we have this huge GIP but do not know how much can be extracted". EPG are already producing from these tenements.
Lets hope they can ramp up some output from Gazonor prior to European winter...looks like only cash flows will excited super-risk adverse investors at the moment.
Added to this, of course, it the fact that this already producing asset it in the middle of Europe and has an instant market for any upside production. The same can not be said for a lot of the Ozzie CBM speccies.
EPG Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held