EBR 0.25% 98.8¢ ebr systems inc.

I'm still here joaquim, waiting patiently for them to find gas....

  1. 772 Posts.
    I'm still here joaquim, waiting patiently for them to find gas. Still got all my shares. I met the bloke who wants to re enter the Emily well. He reckons there's oil there and the well just missed it. Going to drill sideways. Don't ask me how. Still have to hold on. This gas is only worth 2c to the sp but the next 2 wells could be worth 30c+ At least the gas, if they find it, will give the JVs a cash flow. Some of EBRs big projects starting to mature. They picked up another $200k from the mob looking at Uley. Not much money but will pay Mr Rs salary for most of a year.
    I sold a swag at 5.5-5.7c and bought them back at about 4.7c so have lowered my average a bit. Still in the red at this stage but still happy to hold.great buy at present IMO.
    good luck
    fc
 
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