RE: Encore Oil23 Sep 2009 15:55
I can see their reasons behind the assets for equity swap.
Let Egdon get on with what they do best and profit from their development, and let EO. get on with evaluating potential assets that are owned by companies under financial difficulty.
This is the time for EO. management to prove what they are made of. They are sitting on a chunk of cash which in this environment opens alot of doors.