Hi deeman,
I think we have to look at the tenements that ESG has and the gas they have money in the bank counts but the main play here is CSG.
ofcourse the gas ESG has is in NSW but they they could make an LPG terminal at Newcastle.
Lets try to add up the gas MPO has and ESG has and add the cash in the bank and then we can see the real scenario between those two.
The gas in canada is upside in this scenario.
jojo
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