I like that logic and the fuse analogy - but (again), I can't see what strategic advantage they have in keeping their light under a bushell.
Yesterdays interim report stated that all the gas from the 4 production pilots is being piped to the 9-spot well and being used to drive the reverse osmosis plant .. the balance being sent into wilga park .. though I was surprised to read that wilga park is still not at capacity.
It would be good to know;
how much gas is used in the reserve osmosis, how much water they are treating, what they are doing with it and finally, how much the output from wilga park is increasing ..
..and that's before we get to the elephant in the room ..
the state of the dual lateral yeilds!!
The poor old concept plan seems to have become the stuff of legend ... I think they should have got an undertaking from NSW planning on when it might see the light of day.
With AOE under offer .. i'd suggest (and agree with others), now is the time for ESG to captilise on the shift in market focus - and start to deliver some news ... outside the operational bi-monthly.
cheers
sg
ESG Price at posting:
79.0¢ Sentiment: LT Buy Disclosure: Held
