Oakey, what a good find!! Santos give the Gunnedah basin a great vote of confidence and the management at ESG something to think about. This report points to a rerating of the whole area and who has the most acreage and is the most advanced with their drilling and a power station to boot..ESG. The Blue Hills drilling report in the bimonthly today mentioned that ESG had found almost 10 metres of the Hoskissons seam with high gas content and high permeability. Santos in an report last year said they had intersected the Hoskissons seam in the Carbon Minerals(CRM) permit area. If this is the case it appears feasible this seam extends at the very least from Blue Hills to CRMs area. Thats one hell of a lot of Kms and right through ESG's permits. No wonder ESG are looking at another drill target in the area. Bet Santos would like to see those drill reports. Hardmano you are so right..the lateral results will be required reading for more than ESG shareholders and may be closer than we think.
ESG Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
