ESG eastern star gas limited
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not really good newsthe deal if completed would reset the 2P...

  1. db76
    2,927 Posts.
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    05/03/10
    01:39
    Post #: 6408179
    not really good news

    the deal if completed would reset the 2P benchmark down to 28Cents/GJ
    ($26.8M for 51% of 186PJ 2P Reserves)

    why so low a 2P figure ?
    Mitsui E&P buying from Mitsui Moura -- like a transfer price between family members

    at this "new" 2P benchmark a ESG share value is too low even for me to prognosticate with any degree of programmatic specificity
    ESG Price at posting: 66.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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