from the papers.., page-9

Hardmano

This is hardly new but in an attempt to be helpful and perhaps soothing to your frustration I extracted this from a recent Focus Energy interview with MrDC.

FE question: When do you see the defining year for Eastern Star Gas? When will be the time that the company will achieve what it set out to do?

DC reply: I think it will be sooner rather than later. The easy answer would be to say that our aims will have been achieved once we are delivering gas to an LNG project, but I think for us it is when we move to FID, which will require the requisite approvals to be in place, an offtake, and will be an indication that field development and production profiles are something we can meet. With that in mind, we are looking to go to FEED early 2011, and looking to FID at the end of 2011 or the start of 2012

Others more familiar than me on the reliability Mr DC's statements will have a better view on of this but if what he says is the case then it looks like another 9-12 months of waiting??

ESG's languishing s/p is no differant to any of the other CSG ASX listed companies.

But there is always hope: Lynas Corp's s/p is up 1000% in 2 years merely on the fact that China throttled rare earth exports.