Eagle Energy Inc EGRGF

RE:something doesn't add up

[Sjakkspill]

They don’t give the real story all right. I would assume that debt reduction doesn’t correspond to the sale price of Salt Flat and expected increased cash flow because more money is to be allocated towards development of North Texas. This was stated as their intention when the sale was announced. Different in this latest presentation was that no mention is made of a possible  drilling program for North Texas over the next few years or the potential of this asset reaching 4000 boe by 2020. Another thing was well costs which are now expected to be $3.5 million per well instead of decreasing to $2.5 m after the first well was drilled.