$1.6 billion offtake agreement

Great stuff ESG!

The first new MOU in 2 years, but a significant one at that!

$1.6 billion in estimated sales over 20 years.

It also demonstrates that gas-fired power is considered to be economic in its own right, ETS or no ETS.

What DC also points out is that this is only 7% of ESG's 3P+3C resources and reserves (and 40% of currently certified 2P reserves).

It now appears ESG is taking off its gloves, and is prepared to start committing its gas to third parties. The first of many agreements, no doubt.

Now, time for the shorters to buy back.

Y