inside business re nsw gas, page-12

Hi Nervous, I don't think many long term posters here think that the company is looking to be taken over. Before the end of the year I imagine we will see a sell down of tenement ownership to the Chinese and a GSA done with LNG.

A 90 PJ a year GSA would be worth around 800 million per year I believe. Have a look at the ESG field development costs in the takeover docs and then do the maths. Factor in a sell down of tenements and suddenly after a couple of years we are insanely profitable. 70 barrels of water per day...not too shabby