Remotely possible that Shell may look at ESG .. but I would have thought they could get more acreage and further advanced projects by takingh out their JV partner AOE ... like BG did with QGC.
Others that already have a NSW focus and are hungry include AGL (who have stated they want 2,000 PJ in NSW) and BG (which missed Origin and as such has plenty of funds left even post PES and QGC). Santos with ajoining territory in NSW is also a real possibility.
We don't want any approaches though .. and none before a major reserves upgrade post laterals.
H
ESG Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held
