EPG 0.00% 41.0¢ european gas limited

gazonor only just covering interest payments?

  1. 1,492 Posts.
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    Looking at the half-yearly, the net income from Gazonor - about $1.5 million - is pretty much the same as the "financial expenses" - presumably mostly interest. And the cash flow statement suggests EPG only has enough cash to keep operating till September, even if they spend nothing on development/investment.

    I don't think even well-head micro-generation can come online in this time frame, so they're going to have to raise money soon.

    I still feel the lure of those huge reserves, but I'm sticking with the more staid PVE for the moment.
 
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