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Empire Energy Group Ltd (EEG.AX) Beetaloo Operations Update
https://uk.finance.yahoo.com/news/empire-energy-group-ltd-eeg-223500911.html
Empire Energy Group Ltd (EEG.AX) Completes Major Beetaloo Acquisition.
https://au.finance.yahoo.com/news/empire-energy-group-ltd-eeg-224000768.html
Origin being cash strapped, it only makes sense that resource exploration would be the first casualty of their hurting balance sheet. One can only hope at this point that they will increase their spend next year, as their balance sheet isnt supposed to improve until 2023/24. As for SA, I think the only country in worst shape today is Afghanistan!
Its called pumping your stock, followed by extensive drilling program, something Origin and Falcon have failed miserably at. The average stock holder doesnt know the difference, all they see is substantial activity with Tamboran. Even though their claim is inaccurate!
Darnit, I think they are weighing all the pressures out there. Since they are mainly a utility company I think their public image is paramount to this company, not to mention their balance sheet isnt projected to be fixed before 2023. But I agree with everything you have said lately!
LK, who knows what to believe here, the history has been abysmal for 4 years now. What I believe and what I hope for are two different animals, but I dont like what I see in the next little while. Origin and Falcon are so pathetic that posters are hanging their hats on whether drilling by others will be successful. Origins balance sheet is in poor shape thus leaving me less than optimistic of a proper well funded drilling program for 2022.
O out of 10. We gave away another 7.5% of the Beetaloo for what, pretty much no drilling program. The poor souls that were conned into paying 14P must be shaking their heads. Instead of paying off the manageable $4.5 million dollar debt 2 years ago, we are now burdened with an $8 million payment in April, which they will not extend IMO. Who knows where the price will be then, are we going to do another share dilution of 200,000,000 for $.05, what a DISASTER!. What a joke!
Beetaloo Basin fracking: court bid launched to stop Coalition giving company $21m in grants for project
I guess this doesnt effect our phantom drilling program!
https://www.msn.com/en-au/money/markets/legal-challenge-launched-against-federal-governments-2421-million-beetaloo-basin-grant/ar-AAMIpNf?ocid=BingNewsSearch
I prefer to stay, thanks. And your right, I meant to say your last advertised buy at around $.20 cad, I can only assume by your comments that you’ve been buying as the stock has been going down down down. Now that’s positive!
Looks like history is once again on my side, looks like my not understanding of what is going on wasn’t so far off. These guys couldn’t muster up a good ****. A lesson on incompetence that can sewer a stock. One disappointment down, 2 to go. Very sad
The truth is this stock has been on a steady decline for almost 5 years just look at the charts , the glass hasnt been half full here for two years in my opinion, very far from it. The complete lack of communication has been the biggest let down for me. while other players are full speed ahead, we have slowed to a crawl. Revisiting two previously drilled wells is fluff imo. Drilling 1 vertical well this year, maybe, is completely pathetic. Feels like they have no direction and are just now trying to figure out where or what to do next. All POQ can say is he is excited about this years drilling program, maybe some clarity on this farm out deal might get that glass a little closer to half full!
Very few posters can stomach the truth here, they would rather dream of better days ahead. Origin have basically put the beetaloo on the shelf for moment, there is no excuse for having virtually no drilling program this year. They have had years to plan with endless delays and finally when the road is clear, they completely back off. Like I said earlier any price appreciation or drop for Falcon this year will come compliments of other drillers. Sign a deal with no bench marks or timeline to meet and this is what you get, total stagnation!