why new drilling for market-constrained esg?, page-23

Certification of reserves requires a lot of drilling and you have to give ESG credit for their innovations being able to get laterals into deep seams

CSG is more like mining - see some of the AOE presentations which show their exploitation concept and lean manufacturing techniques being applied

Size of ESG resource - they have said many times that they reckon they have 17TCF or 17,000PJ

as Ive said before the trend to Justify a new paradigm for CSG valuation (3C) is redolent of the dotcom days so we need to be wary

as for DC and IK look at the 2009 annual report Remuneration section to see that management have given themselves some very healthy payrises over the last year and directors have been willing to vest shares in advance of performance targets !

Why was there a presentation at the Merriman Investor summit on 10/11/09 ? - my guess is that the "Sophisticated Investors" are going to be tapped for more money - at what discount I wonder ?

ESG is a small player and we hope its bigger friends look after it