NEWS ARCHIVE

EOR shareholders demand action

AFTER five years of very slow progress in taking Enhanced Oil & Gas Recovery into the oil space – a period that has seen oil prices test record highs and now sustained lows – shareholder Troy Burns has said enough is enough, and he wants to seize control of one of the smallest oilers on the market.

Burns and shareholders representing 5.65% of the minnow have called a spill motion. Burns, who says he has backed the company since 2008 when it was a shell known as Artist And Entertainment Group, believes...

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