it is great to see the laterals have finally been spudded.with the drill running 24/7 it will not take long to get to the gas zone and then confirmation on how fast it is flowing.in the announcement it stated that the multi laterals will achieve gas production up to 10 times against vertical drilling.one would imagine that the esg management have already completed alot of coal seam gas modelling based on their previous results and are drilling in the right places.the commencement of the laterals will make the companies like santos,agl.origin,shell,bp and bg sit up and take alot of notice.
ESG Price at posting:
38.0¢ Sentiment: ST Buy Disclosure: Held