1 billion tonnes soon ...Sydney - Tuesday - December 16: (RWE...

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.