according to the comparision, Gunnedah has more gas than Gorgon (25% more). BUT keep in mind that ESG is not the sole owner of the area (they are the largest though)
With Gorgon, they are building facilities to develop a market. With ESG, they have a mid-sized market in NSW and looking to develop facilities to expand it. This becomes more realistic with Santos as a parter / bank-roller.
Both projects have technical barriers but I would say ESG's are less.
Still feel i havent caught onto something, ideas?
ESG Price at posting:
$1.08 Sentiment: Buy Disclosure: Held