Certainly we knew there are some regulatory headwinds. The quarterly said they are yet to negotiate suitable access with landholders in the OIP/ESG leases for seismics and local govts in the area still have a moratorium. I expect though that the state govt will end up being supportive and i would imagine ESG would have the same expectation. If the AFR said licences may not be renewed I doubt that would be for the prime PEL 238 lease.
Can anyone post the item?
H
ESG Price at posting:
85.0¢ Sentiment: LT Buy Disclosure: Held