another 600k plus buyer at 55

More solid buying today. I wonder if we will see earlier than expected reserves estimates?? It seems to me that the quality management of this company has so far had a policy (as do many good managements) of underpromising and overdelivering. We could see estimates before September I reckon.

Regardless .. the potential gas reserves that ESG is proving up are substantial and it will be rerated over time. I note that in the AFR today WA is struggling to meet its domestic gas requirements. And NSW has little "indigenous" gas .. so ESG's project is of some significance.

H