Yaq , Good post earlier this week regarding same - thank you.
Leading from this and noting that large contingent resource held by ESG which appears to be only market constrained ;
(that I gather is market, not resource constrained ie PL - ESG , has I take it verbally confirmed that the BB wells are producing "commercially")
Then what effect would a "change of control" bid by a LNG player have on that contingent resource??. ie a bid itself arguably creating a market and thus enabling a conversion of 2-3c to 2-3p.
Furthermore and assuming that there is no market melt down , metrics remain at roughly "Arrow levels" ie 3p - $0.60c and that "water issues" are indeed sorted, does this somewhat "automatically" reduce the risk of ESG being taken out on the cheap ??
Iam perhaps being to simplistic and confess to having no idea as to how much conversion, if any would automatically occur from such a bid.
Your thoughts or those of the ESG regulars would be appreciated.
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