seriously, could the elevator be flooded?

This is Mr Lincoln Augustus, first second cousin of Holymagiman

We do not hold any Eatern Star shares.

We were just reminiscing, considering the new developments that have developed in NSW:

Water Access License
The NSW Government has introduced a requirement for companies to hold a water access license for extraction of more than 3ML PER YEAR.

Phasing out the use of evaporation ponds
The NSW Government is phasing out the use of evaporation ponds relating to CSG.


We were wondering to ourselves if Eastern Star may have come to the conclusion at some time or other that there are some very major problems to overcome regarding water disposal issues.

We have also often wondered to ourselves if there are any possible problems with drainage of water tables, and, considering the amounts of water being drawn, whether the aquifers have been compromised. But we stress here the fact that we are not water engineers or anything even remotely of that sort, so the only thing we know about water is that it is very wet, and that we can take a bath in it.

Anyway, if there are water issues, then it may just be possible that this could have tipped the Board?s mind and precipitated what is happening now. Just our thoughts, nothing more, nothing less. It could be extremely chilling taking a bath when there is so much water.


We refer you back to a posting we did on the Eastern Star site on 17 November 2010. This was an interview Mr Lincoln Augustus gave to Baboo Ram Runchik regarding our thoughts on Eastern Star

We would just like to draw your attention to a few points that Mr Lincoln Augustus made at that intervier to BRR:

?Baboo Ram Runchik:
Mr Lincoln, what are your feelings towards Metgasco and Eastern Star? Does the family like them both still?

Mr Lincoln Augustus:
That is indeed a very pertinent question. I must admit that the the family is getting very negative towards Eastern Star.

BRR:
Does that imply that you are getting very positive to Metgasco?

MLA:
Yes

BRR:
What is your problem with Eastern Star?

MLA:
Firstly the problem of water and its disposal. That appears to be a big problem.

BRR:
But they said at the AGM that the problems are all under control, and all the water can be purified.

MLA:
Well, BRR, first they told us that they needed SHIELD WELLS. We scratched our heads and accepted that. Now they tell us that they have to PUT TWO BIG PUMPS into those shields. What next?

BRR:
So they will put the pumps and pump the water out..no problem.

MLA:
On page 19 of the Annual Report, the company says that it has capabilities to treat 3.2 ML of water per day. That is 20,000 barrels of water every day. That is a lot of water.

And that is for now. What happens when production is ramped up, we wonder? Will 20,000 barrels of water be all that is produced then? Or more? And if the volume of water produced is much more, will there be adequate treatment facilities to cope with all the water?

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*** note: The NSW Government wants a license application if more than 3 ML of water is produced a year. Eastern Star has shield wells, pumps and states that it has the capability to treat 3.2 ML a day. That is a lot of water to treat. ***

*** note: Eastern Star has to do something with the water produced. The NSW Government is not in favour of evaporation tanks, so we are wondering if the water disposal costs will probably go up***

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MLA:
And what is it going to do to the water tables? We think that that is a lot of water over a large area and if there should be any breaks in those so called impervious layers of rock anywhere, then the top layer of water is going to start flowing to the bottom layer as the bottom layer is drained....just our thoughts and so it is nothing to really worry about.

If this water issue keeps going on there is sure going to be greater angst among the farmers. and one cannot just block their legitimate complaints off as being irrelevent, not in this current day and age.

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?BRR:
Everyone is very excited that Santos has 19.9% of Eastern Star and will soon do a overtake or something

MLA:
Alvin the Idiot was read the parable about the Poisoned Chalice at Sunday School last Monday.?


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BRR:
Some people feel that the family are ramping the companies up and down for their own benefit, and that you should not change your mind about Eastern Star from what you said before, about the monkeys and gorillas and goats etc

MLA:
It is a free country and I think that we are entitled to change our thoughts at any time, any minute, any second, because time does not stand still. So if someone is disgruntled that we have changed our call, well we are sorry we upset them. Really.

We do not want to be the last to leave the building at any time, because we get afraid of the dark if we have to turn out the lights on the way out. There's been many shareholders who have found out the hard way that the shares have owned them rather than they owning the shares. And in such a circumstance, one is unable to make a dispassionate decision.

And those who wish to stay should stay because it is just possible that a takeover of eastern star could occur soon, and that will be tough luck for us and very good luck to them. But such is life and one cannot worry too much.

But we have caught the elevator down and are on our way out.

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Just some thoughts sitting up here, higher and higher on the mountains above Leh.

Blessing of the Lord
MLA