The Independent Experts Report is expected to include a third party review of reserves and resources based on all available data at that time. This will be the next
independent review of ESG?s reserves.
well I finally got a chance to have a look at the ann in more detail. Doesnt quite read as bad as I thought most people were banging on about.
Previously I had raised some discussion on a WOO for STO for the thired GLNG train, August being through to Q1 next year being the window. Sooner rather than later to buy the resource and secure the customer base.
However, the thing that I cant understand, and which lays waste to that theory, is the fact that TRU have taken a 20% stake in ESG/STOs acreage. I am having trouble seeing past the strategy if GLNG is in the mix as the current ESG resource could not support a GLNG train - perhaps it could by 2016-7 though? Any thoughts?
jtaylor,
I hear what you are saying about the statement on flows from the quarterly. That could be from any number of issues, but mostly from the reflooding and damage to the well after it was shutin for several months, not to mention the possibility of blockage in one of the liners. Anyway, I didnt think it was the end of the world, but it is indicative of what a struggle it has been for ESG to get operational.
Cheers,
SF
PS: GL hardmano. Your posts and dedication to ESG have made the ride that much more exciting!
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