thewogboy
Thanks for the email. Sent you a reply. And JT .. you stole my thoughts LOL ... I agree with your post. Here's my take:
So that everyone is in the loop on this, RBS put out a full update on ESG in which they are very positive and say that its very well placed strategically and its a BUY and very likley to be taken over. I will post a few comments they make in another thread shortly.
They also put out a High Conviction list and ESG was on their last one as I reported here. What thewogboy was commenting on was that its not on their latest High Conviction list ".... after meeting with management during the month [not a site visit as far as I can see] and being slightly disappointed by their update on flow rates and drilling." WE were all slightly disappointed with progress with the pilots and the fact that we are not being given flow rates. I assume RBS was NOT given any more data than we have been ... so they like us are simply stating their disappointment at the rate of progress!
The Open Briefing certainly outlined ESG's commercialisation plans and was clear about ESG having low cost production .. so we have to assume that THEY are happy with progress and certain of having good commercial flows. Let's hope ESG can give us ALL what we are after before too much longer!
H
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