a $25m commitment to lng, page-4

db

A typical negative post about all the problems. Equally you could have written about how similar companies like QGC and AOE grew their shareprice well ahead of any need for funding of their LNG ambitions by increasing reserves, signing GSAs for domgas and power generation and were rerated by the market on LNG pricing. I for one can rember QGC at sub-80 cents and once all the above were in place they were taken out for > $5 and that was YEARS before even any LNG project that their assets could ahve been used for were approved or FIDed and YEARS before any finance for LNG was needed!! I think your assumptions about future share price and capital raisings are way too negative.

Are you saying that Santos or anyone else interested in ESG should wait until ESG is $2+ before bidding? Makes little sense to me especially as we know that Santos, Shell and BG have ambitions for many more trains.

If you truly WERE a shareholder and believed that ESG was a worthwhile investment you wouldn't post as you do and you would sell and look elsewhere. I expect therefore that you will be leaving the ESG board shortly given your dire assessment of future share price and capital requirements. Am I correct or will you remain a shareholder with no prospect of a return for years?

H