ESG
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0.00% 86.5¢ eastern star gas limited

IMO, if the indicative timetable for a resource upgrade has been...

  1. Ya
    6,809 Posts.
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    19/07/11
    21:34
    Post #: 8697494
    IMO, if the indicative timetable for a resource upgrade has been mentioned as August & the current valuation is based on figures that have been mentioned for yonks, does that qualify as a fair value or simply opportunistic.

    Even Pure Energy got $1.026b from BG for its 2P-522 PJ, 3P-2510 PJ at the height of the CSG M&A boom whilst a minnow like Pangea got $660m for 3P-1150 PJ from Origin.

    ESG to their credit has a much higher 2P/3P reserve estimate & contingent resource. Bundle in Wilga power station for free!!
    ESG Price at posting: 87.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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