ESG 0.00% 86.5¢ eastern star gas limited

SG,You are such a down ramper.I would hope the company have a...

  1. 4,234 Posts.
    SG,
    You are such a down ramper.

    I would hope the company have a better idea on when to flash their cards. I would hazard a guess that they have had issues on their laterals and have not been able to get back in and fix them due to the christmas period and weather: hence the obvious impact to downstream issues at Wilga park.

    Yaqona,
    its quite possible that flow rates have built up since then, however I will believe when I see it. ESG are running several pilots and we do know that if they are successful then in the next few months we will be endowed with flow rates and subsequent reserves.

    db,
    product without marketing problems, just capital constraints :)

    I am still firmly of the opinion that ESGs target market is the south for electricity and dom gas. options in place for Newcastle LNG but conceptually they have a long way to go as far as proving field development and production to start backing up the thought of some really high end market plays like Newcastle LNG. The newcastle option does shift a lot of focus away from QLD which is both good and bad.

    Cheers,

    SF
 
watchlist Created with Sketch. Add ESG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.