Look guys .. interesting discussion, and I'm no expert here, but seems to me reasonable to assume that MOU's and certfied reserves must mean that ESG's CSG is producible and economically so. No?? And they talk of being NSW's main gas supplier .. hardly likley if the gas is no good.
So ..they HAVE producible reserves, they have MOU's, they ARE proving up- more reserves at a faster rate than their peers did, and they have a LARGE resource.
End of story! The share price will move up and down as players move in and out in an uncertain and difficult market.
H
ESG Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held