price esg = future stable energy supply., page-3

Great post ALH.

We have seen what BG have been able to achieve already with their QGC assets and the Chinese. (Remembering of course that originally, BG were targeting Arrow, but the realised QGC had much better gas assets).

There have been a number of posters on here warning about not selling our shares too cheaply. I am with them. You can just smell a low-ball bid coming from Santos VERY soon.

- The shorters have mysteriously stopped.
- The FID for GLNG is growing ever closer.
- ESG has gone very quiet on the news front for over 3 months.
- HGO have mysteriously also done the go-slow on Kanmantoo (despite all other boxes being ticked), not signing up to hedging finance. Do they think they are about to coming into extra cash via the top-up clause..?

And ESG itself, and many many holders, believe that pre-GFC gas metrics still apply, more so than ever before. And we will not be selling cheaply. Energy security will be one of THE key themes in the next 25 years. The developing world's economic growth absolutely depends on it... all in a carbon-constrained world.

So when Santos comes knocking, offers you a premium to current share price, (but a massive discount to what ESG's gas is actually worth), remember QGC and their $50 billion + deal with the Chinese. Remember little ICN. Remember all the offtake deals that have been done in the gas sector in the last 12 months.

Because we all own a world class resource.

Y