sandy,i was looking at getting in back in early 08 at aroung 80...

sandy,

i was looking at getting in back in early 08 at aroung 80 cents. with oil so high and the gas issues they had been having in europe (lets see what happens in 6 months) were pretty compelling reasons to get into epg. They also have pretty decent contingent reserves from memory?

I think (emphasis on think) that they had issues with drilling and extracting gas economically which coupled with the GFC smashed them for six like Roy in a 20/20.

Things have changed dramatically since then:
-they recently presented me with an entry at 13c
-they have announced plans for small scale power generation (2MW units) with some growth options. i think this will help them with cash flow.
-global outlook is improving which will impact pricing on O&G.
-a fund is buying them

Cheers,

SF

(I picked up some OEX off the chart you posted the other day for the same reasons you have posted the above chart...its that simple..lets see how it works out eh?)