Ann: US Operations Update, page-3

Gymjunky,

I have had some discussions lately with those that are more familiar with the value of these U.S assets. From what I can gather those U.S assets are  worth more then the current debt. If they sell them off and have no debt that will then leave them in a very good space to start concentrating on the Northern Territory project. It seems there are quite a few parties showing interest in these assets as was announced. Time will tell.
Both Santos and Origin are working their areas in the N.T which are adjacent to EEG's ground.  Any good news from that will rub off onto us.
I read recently that Santos was committed to spend about 100 million dollars in these areas.
One would imagine there will be quite a bit of news coming from work being done from others in the future which should keep the market interested in EEG's ground.
We have plenty of prospective acreage which might be appealing to a big brother out there who might consider a joint venture arrangement.

Interesting times for shareholders.