ESG 0.00% 86.5¢ eastern star gas limited

eastern star gas in talks with potential asian, page-36

  1. 5,948 Posts.
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    db,

    while I am on a roll, ignoring the noise in your last post, you asked about building fences to protect STO's 35% share.

    Firstly, helpful to you to read the definition of fugacity.

    Secondly, ESG can take as much gas as they like up to 65% of certified reserves. If STO choose not to take any gas, for 100 years, the reserve will be abandoned by ESG leaving 35% in it. Not practical, but thats what it means.

    The advantage is that ESG is getting the early higher pressure gas, meaning cheaper amounts of drilling required, plus less compression. The longer STO waits to take its 35%, the more expensive it becomes.

    Probably a roller coaster ride for you, but thats what learning curves are all about.

    PS, I couldn't resist. Were you carried across the coastal plains and into the Bulli Hills?
 
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