GREY:EGINF - Post by User
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Stock20on Aug 08, 2019 6:30pm
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Post# 30008684
RE:RE:Julien Balkany (Panoro Energy) July 10 update
RE:RE:Julien Balkany (Panoro Energy) July 10 updateSafax permit is held by Eurogas. Ponoro bought DNO Tunisia along with Safax permit and has renued permit till Dec 2021. 2018 was vested in transaction and renuing permit but I am hopping they do drilling on Safax in late 2019. If they have major discovery on Safax, we will see result in share price. 2020 can be a tranformative year for EI share holders. Eurogas is not active with any other project or not doing any financing because of 32M prefered A shares out standing that EI has no way to pay off.
Also according to recent financial, Trustee didn't excercise their rights/option for 32M dollars prefered A shares and for any outstanding debt owe to Dundee Energy. Trustee did sold private property to other party. Once EI is debt free we will see nice spike in share price. Until than waiting is continued.