What i took as interesting (in addition to your points) were that Casey says ESG has the largest agreage on the East Coast (is Narrabri on the coast .. LOL!). You are right .. if NSW csg is headed for a big future .. with global initiatives .. then both STO and AGL will be inetersted in ESG's gas .. and watching closely. The graph on page 4 also reminds us of what AGL paid for the Gloucester (MEL) and SGL reserves.
I also liked page 12 ... it shows for the first time the next 4 "leads" to be looked at in the 2009 campaign .. these total around 1,270 PJ potential ... making the potential of the 2008/09 program in excess of 5,000 Bcf (PJ) recoverable.
H
ESG Price at posting:
60.0¢ Sentiment: LT Buy Disclosure: Held
