Highlights: An increase in the Narrabri CSG project's independently certified 2P gas reserves from 336PJ to 602PJ
Total 3P reserves are up from 1,300PJ to 1,959PJ and the Project recorded its first independently certified contingent resource of 6,128PJ
The major success of our lateral drilling programme. Strong gas and water flow rates have confirmed high coal seam permeability. And it's also established that laterals are the best way to optimise reservoir connectivity and production
Santos Ltd becoming a new JV partner in the Narrabri Project and a shareholder in ESG.
The lodgement of a Concept Plan with the NSW government for the development of the Narrabri Project, a major step towards full scale development
A successful 50$m capital raising and the raising of $20.6m through a SPP, securing our ongoing drilling programme.
Admission to the ASX200 and the commencement of trading on the international OTCQX
The completion of a gas pipeline linking Wilga Park power station with our pilot wells and the conclusion of stage one of the Wilga Park upgrade
The commissioning of an independent report that concluded that an LNG project could be developed at the Port of Newcastle in compliance with environmental and safety requirements.
ESG Price at posting:
85.5¢ Sentiment: LT Buy Disclosure: Held