ESG
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0.00% 86.5¢ eastern star gas limited

contingent just needs a market, page-14

  1. hardmano
    16,268 Posts.
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    18/02/09
    12:32
    Post #: 4809598
    Oakone

    The market might take a few days and yes today's down market pus a dampener on things. It is a great announcement .. note that the Contingent resource of 6,128 PJ is "in addition" to the 1,300 Pj of 3P, and its only for PEL 238. In the southern PEL's (433 and 434) drilling has defined Hoskissons seams up to 6m, and the release today says that further "exploration work, for example, through investiagtion of other coal seams" will further upgrade reserves and resources".

    If the majors were not looking they will be now.

    H
    ESG Price at posting: 61.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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