ESG 0.00% 86.5¢ eastern star gas limited

defensive takeover strategies, page-35

  1. 16,274 Posts.
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    JT

    I agree 100%. And I'm sure EVERY shareholder would want to see such an update sooner rather than later. He may not however be able to fully claim "lowest cost" until they have done the stacked lateral pilot due to start this month.

    H

    DC certainly has been spruiking their 'difference" and the very good economics (high gas content, high reserves per ha, up to 5 coal horizons, wide spacing of 1 km etc). He has also said lowest cost on East Coast is likely. From his last presentation:

    Unique geology

    Deep seams (500m ?1100m) result in high gas contents

    High reserves per hectare ?typically thick seams & up to five coal horizons

    Vertical fracturing yields high, directional permeability

    No impact on groundwater resourceCompletion technology defined

    High capital efficiency relative to vertical wells

    Lower surface impact

    No fraccingrequired

    Chief landholder is NSW State Government
    Long-term land access secured

 
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