reasonable expectations, page-20

there is a glut of gas in the World and so timing is everything - ESG will have its day - dont get me wrong - but its not now.

FROM BLACKROCK
The price of natural gas sank about 20 percent in 2010 under the weight of abundant supplies. Rice said that while the glut could last through 2011, supplies will begin to shrink in 2012 as exploration firms cut back on drilling. He sees gas prices climbing from the current $4.47 per million British thermal units to about $6.50 over the next two years.

Theres a glut of gas, Scott Black, president of Boston-based Delphi Management and a longtime investor in gas stocks, said in a telephone interview. Right now it is hard to find cheap gas stocks.

Rice said major oil companies will continue to buy up gas producers because it is the cheapest way to build reserves and the best properties are controlled by small and mid-sized firms.
END

ESG is cheap now and someone other than Santos is looking at it. Possibly a major as stated above that wants to build reserves for the future.

So ESG board managers get off your A and get this thing moving.