god holding ESG has been a drain over the last few years -...

god holding ESG has been a drain over the last few years - strange having all the fundamentals of the sector and environement in place - the rush for gas etc.

trying to comfort myself until the company can do so:

1) massive of amount of gas, wilga park increasing, still the need for flow rates and well economics - although reserves to date have been certified on viability and economically i suspect.

2) NSW - needs gas and increasingly so.

3) LNG plants - they all need more gas, even for two trains - they want to go onwards and upwards - when ???

4) NSW needs revenue and economic activity.

5) MEL announcement today about LNG feasibility study - exactly the same - its a bluff - all of these players - BOW, ESG, MEL, the gas needs to be feed for the major projects - can someone please make the first move and lets get on with it.

Its a miracle ESG got the capital raising away last year at 85 cents - if we had a capital raising hanging over us now, it would be even worse.

There is no way that NSW would not sanction CSG, they will repliate the protective measures of QLD.

Anyway something has to happen this calendar year - the reserves will be too big to be ignored - however does not mean that the share prices will move up - there needs to be offtakes or take overs.