Ok, so ESG is selling itself on the basis of the current reserves ... no LNG markets factored in to the current price or reserves. Even Santos admit they want to use the gas from Gunnedah to use in GLNG. But ESG is happy to sell itself without any reserves recognition of this.
I have heard that, subsequent to the SoA being announced, David Casey was flying off to Japan, WITH SANTOS.
Talk about rubbing salt in the wound! Proposing to sell ourselves with no recognition of an LNG market, still on the ESG payroll, and yet allegedly working on an LNG deal with Santos. And yes, it is for Santos, because any commercial arrangements with the Japanese would be after ESG has been merged into Santos. ESG holders would only benefit via Santos scrip.
But our Directors' roles is NOT to increase the value of Santos after a merger, but to increase the value of OUR scrip, now.
Please, if you are going to accept a future role with Santos, at least have the good grace to wait 'until the sheets cool' before getting into bed with someone else.
For whom are the Directors working?
Perhaps if an ESG Director is reading this, they might to make a statement confirming or denying this? Or, shareholders might like to email or phone the company themselves...
Yaq
ESG Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held
