For anyone still concerned that the value of one ESG share is currently diminishing before their eyes under the inadequate STO offer, you may be interested in a post by RichRichie over on the LNG thread.
Its contents refer to the release last Friday in Perth, entitled, "2011 Queensland Gas Market Review".
...and that's ONLY Qld!
An excerpt,"...the Queensland Gas Commissioner advised that there was a need for greater market clarity around activities planned to achieve gas reserves for domestic gas market supply."
Anyone who's cooked or showered with gas knows the difference, growing bananas up in the Cyclone belt of NW WA it was great to still have a power supply to the house when the mains power went out.
Eventually the nearby town's power station converted to gas fired turbines as well.
For anyone thinking of entering ESG or another CSG stock at this time, be aware there IS opposition, so do your own research, and make it wide.
Cabbage, stop upsetting the mods pls. I think your message is clear....
Rgds,
Lilac
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