Below some very interesting recent ETE research from Feb 2019. {Disclaimer, holding a small parcel and looking to increase.}
ETE $4 million cash no debt and a market cap $3.5 million. We are talking about ETE playing with global oil giants here, I am expecting a major re rate of the ETE share price this coming week as more on this is released. ETE released a great looking half yearly report late friday evening, showing almost $4 million cash no debt and a market cap $3.5 million ,with some outstanding projects.Should be well north of 5 cents, given the large cash balance and the tiny mc. ELX are comparing their formations with recent huge discoveries by Conoco Philips and Linc Energy of 750 and 1000MM Barrels of oil respectively. Please research in particular ConocoPhillips .ConocoPhillips has a Market Cap of US75.54B From ETE recent ASX announcement Feb 2019.
ETE Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
