ESG eastern star gas limited
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bpt vs esg, page-5

  1. psi81
    6,457 Posts.
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    27/08/11
    09:35
    Post #: 8880628
    Also, the 17tcf is a gas in place calculation. Beach's 2tcf is a contingent Resource. To compare like with like you need to look at ESG's contingent Resource.

    PEL 238's contingent Resource is 3.5tcf and ESG's share is 65% of that.

    However, if you compare Reserves of course, ESG has Reserves and Beach has no shale gas Reserves. Nobody has yet been able to prove shale gas is economically viable in Australia.
    ESG Price at posting: 78.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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