The are taking their time with reporting any concrete results. They said in DEc 18 the upper zone produced 'encouraging results'. And the low zones were opened for pumping end of December according to the half yearly. What is taking so long?
The thing with EPG, is they often sit on information and then suddenly reveal contingent and 2P reserve upgrades 'out of the blue'. Given low flow rates are likely from conventional techniques and the huge overall resource, maybe they will skip straight to releasing some 2P reserves without detailing first the flow rates and other underlying technical data. That is the optimist in me speaking...and might explain the recent share price rise...i.e. as opposed to the pumping of the price to raise capital explanation I suggested in my previous post.
Either way, speccies need a constant flow of information to maintain their share prices and EPG is well over due on several important pieces of information.
EPG Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
