EPS 0.00% 5.3¢ epsilon energy limited

conceptual modelling should be banned imo, page-91

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    1 billion tonnes soon ...

    Sydney - Tuesday - December 16: (RWE Aust Business News) -
    Epsilon (ASX:EPS) has completed a review of key assets and implemented a
    restructure program, which includes asset sales to raise additional cash
    and cash control initiatives to significantly reduce cash outflows.
    The asset sale initiative has and will continue to raise
    additional cash through tenement trade sale and joint venture of
    non-core projects throughout Australia. The cash control initiative will
    significantly reduce quarterly cash outflows through the reduction of
    management fees, reduction of staff and overheads, renegotiation of
    supplier contracts and office relocation.
    The restructure program will ensure the company has sufficient
    reserves and controls to undertake key activities while also maintaining
    a value accretive capital structure for 2009.
 
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Currently unlisted public company.

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