With the number of options esg has going at the moment, I'm...

With the number of options esg has going at the moment, I'm starting to think it may well be better for them to go it alone - or with an asian backer.

ESG has trillions of cubic feet of gas, "A north west shelf" in NSW.

It can export gas through Newcastle or pipe it north to a host of projects squawking for gas and it has a potentially huge domestic market.

ESG has strong management with fantastic technical ability and is going from strength to strength.

Anyone who thinks they are going to make a low-ball offer and have esg and its shareholders racing to sell their shares is kidding themselves.

Any offer - if it comes - had better be good, otherwise I think we'll just say "thanks, but not thanks".

B