Its great that you have once again cleared up ESG's poor reporting and can assure us that the large reservoir is gas not water!! I'd like to hear that from ESG .. perhaps you might suggest it to them?
Friday and a few more nervous sellers no doubt. I too wonder what news is coming?? We are certainly on alert for commercialisation concept/plan news which was expected in the very near future early last month!
What the nervous nellies should also remember is that the Narrabri CSG Project has 600 PJ of 2P, nearly 2,000 PJ of 3P and 6,000 PJ continent reserves certified. This does not happen IMHO if its not commercially viable to produce the gas .. so the only motivation to sell that I can see is impatience. Having said that the trading for the last month or more has looked very "controlled" to me!!
H
ESG Price at posting:
92.0¢ Sentiment: LT Buy Disclosure: Held
