let me clarify caution though here with eegc imo this is a high risk play. some pundits have estimated a potential of billions of barrels of oil[hugh gas reserves] in tasmania . while eegc held a vast amount of lease area in tasmania at the moment they are applying to get most of the leases returned. a law suit has been settled with their hong kong funder smart win from 08 with a confidentiality agreement with smart win stating they will keep an equity position in eegc[whatever that means].eegc has been in a upward channel trading the last few months there may be some very good news ahead?imo