wouldn't count on it. only 1 week left now. Been 10 weeks since the gas find and the sp is struggling to stay above 3 cents. 4 weeks ago they claimed an annoucement was on the way. It was suggested that the longer it takes the bigger the find. That logic is clearly out of the question now as they would not be mentioning an imminent announcement 4 weeks ago if that was the case.
Obviously the more plausible reason is they are struggling to find any potential buyers for the discovery and struggling to find potential farm-ins for the offshore prospects. No secret was made of the need to raise capital in the annual report. With the current climate being as it is it is clear they have left it too late. Getting very pessimistic feelings about EPR when I should be feeling the most optimistic I have in 7 years after the gas discovery!!
EPR Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
