In the "Santos: Delivering on Transformational Growth" presentation released overnight (to be presented to US and UK investors)on page 37 (slide 36) they talk about the Gunnedah Basin as the "next major CSG play" and say it has > 50Tcf potential. The punchline for us is that they say that they are "Focussing on commercialisation"!!! This could just mean that ESG is focussing on commercialisation but obviously as JV partner so is Santos.
Bring it on!
PS: I've been out of circulation for over a month as my lovely old mother became ill while away on a trip to Melbourne (still travelling at 88) and I have spent 3 weeks with her there in Intensive Care at the Epworth Hospital (I'm from Sydney) and she passed away last week. A very difficult time.
H
ESG Price at posting:
86.0¢ Sentiment: LT Buy Disclosure: Held
