new york listing

Eastern Star Gas Begins Trading On The International OTCQX

Sydney, Australia – 13 January, 2009 – Eastern Star Gas Limited (ASX:ESG OTCQX:ESGLY) today announced that it has obtained an American Depositary Receipt (ADR) program and began listing on the International OTCQX for greater access to the U.S. capital markets.

Eastern Star’s ADR began trading today on International PrimeQX, under the ticker ESGLY. Investors can find real-time quotes, disclosure and financial information about at www.otcqx.com. Twenty Eastern Star ASX shares will represent one ADR on the OTCQX.

The OTCQX listing will provide U.S. based investors with easier access to buy and sell Eastern Star securities and at the same time will provide Eastern Star with greater access to the U.S. capital markets.

Eastern Star’s MD, Mr David Casey said “The listing of Eastern Star on the OTCQX will provide the Company with significant ability to access the U.S. capital markets via a local U.S. market. We are very pleased to be listing on the OTCQX.”

Chairman and CEO of Pink OTC Markets Inc. R. Cromwell Coulson said “We are pleased to welcome Eastern Star Gas to the International OTCQX market tier. as an International OTCQX-listed Company, Eastern Star Gas distinguishes itself as one of the most prestigious companies trading over-the-counter, and provides U.S. investors with access to their latest news and disclosure information, which can increase U.S. investor awareness and participation.”

U.S. investment bank Merriman Curhan Ford will serve as Eastern Star Gas Company’s Principal American Liaison (“PAL”) on the International OTCQX, responsible for providing guidance on listing requirements.

"We are pleased to sponsor Eastern Star Gas and help them gain U.S. institutional investor visibility from our capital markets leadership in the advanced hydrocarbon technology subsector," said Stephen Nash, managing director and head of Merriman Curhan Ford’s OTCQX Advisory Group. "Eastern Star Gas represents Merriman’s seventh Australian Company to list on OTCQX – the most out of any investment bank PAL. OTCQX is a highly visible platform that has attracted nearly 50 global companies from more
than 13 countries since early 2007 with a consolidated market capitalization of $300 billion."