ESG 0.00% 86.5¢ eastern star gas limited

next takeover target is esg and mpo, page-10

  1. 205 Posts.
    Hardmano, I think Oakone makes a lot of sense with his posting re the various options that look like playing out in the next few months. Oakone seems to have some great contacts and it looks highly likely that BBP will be taken out by AGL who if they sell their shares in QG will have plenty of money over to look at a similar play with ESG.
    What we need urgently is the laterals and I'm losing patience with ESG over the never ending delays in this drilling.
    I'm amazed that the COO Peter Lansom who I would assume is responsible for getting the rig onto site has been rewarded by a place on the Board when the laterals are now some 5 months late!! How long does it take to outfit a drill and why in blazes did they contract to a drill that seems to need total rebuilding. If ESG wants its shares in this market to rebuild and recover the laterals are the most important result that is required. Everything else is immaterial its the drilling results from the laterals that will tell us if this COO has something to give to ESG other than extra costs.
 
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