Oh yeah .. and the other reason BOW rocketed on the day of the capital raising announcement was that they put out a VERY bullish presentation saying they had giant potential csg resources (GIP).
So perhaps ESG will do the same ... saying something like they now have confidence that the lateral drilling methodology will unlock the potential in their leases .... which is 17,000 PJ GIP in just PEL 238 .. and lead to rapid conversion of their large contingent resources to reserves?? I can only dream.
DYOR and please don't be influenced by my enthusiasm and speculation.
H
ESG Price at posting:
72.0¢ Sentiment: LT Buy Disclosure: Held