Arrowhead Business and Investment Decisions Publishes Updated Due Diligence and Valuation Report on European Gas Limited
June 07 2011 - 12:46PM
Business Wire
Arrowhead Business and Investment Decisions, LLC
(“Arrowhead”) announced that it had published an updated Due
Diligence Research and Valuation Report on European Gas Ltd
("European Gas" or "the Company”) on June 7th, 2011.
The report is available on abid.co and at:
http://abid.co/documents.php?document=1476025380
About European Gas Limited (ASX:EPG)
European Gas Limited is a French-Australian exploration and
development company targeting Coal Bed Methane, Coal Mine Methane
and other forms of hydrocarbons in France and in other European
jurisdictions. European Gas owns a 100% interest in a large scale
development project in Lorraine in the North-East of France, where
it plans to use a modern production system targeting minimal
surface disturbance. The company owns interest in two other
exploration projects in France, 50% of a JV in Belgium, and some
licenses in Tuscany, all prospective in CBM or other hydrocarbons.
The company plans to expand its portfolio of European gas
exploration assets when opportune, hoping to benefit overall from
European gas prices, which are higher than in North America, and a
dense existing gas distribution infrastructure and markets for
gas.
Statements contained and linked to this news release are not
historical facts they are forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ materially from
estimated results. Forward-looking statements are based on the
beliefs, estimates and opinions of Arrowhead analysts on the date
the statements are made. Arrowhead undertakes no obligation to
update these forward-looking statements if beliefs, estimates or
opinions, or other factors, should change. The information
contained and linked to this news release is purely factual and
does not constitute a recommendation to buy or sell securities.
Arrowhead received fees in 2010 and 2011 from European Gas for the
research costs and other services including publishing this report
and investor relations services. Arrowhead is not responsible for
any loss, financial or other, directly or indirectly linked to any
price movement or absence of price movement of the securities
described.
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