EPG has so far missed the re-rating that other CSG companies have enjoyed in recent weeks. Tha main reason seems to be the fact that their resources are located in France, Italy and Belgium, whereas QGC, AOE, ESG etc, are exclusively located in Australia, and there has been much interest in CSG in this country recently. It is interesting to compare the current valuation of EPG against those of companies that have their resources located in Australia.
EPG’s 400+ 2P (PJ) reserves are for the Gazanor field alone. There are several 1000+ PJ reserves in EPG’s other European tenements. Pipeline infrastructure is already in place.
These figures speak for themselves. Must be the best value stock on the ASX at the moment.
EPG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held