the next month

i think the next month should bring some real news of significance.

there is no way the brokers would be putting out updates and getting clients on board if they did not believe there would be a catalyst soon.

first of all we could have sector specific news - santos / shell etc or FID's.

then from ESG we could have more mou's either domestic power or LNG.

flow rates or reserve upgrades may not be forthcoming.

all i can say in respect to water handling and other issues - the comment was made that "do you want us announcing problems without a solution". i think all is on track now and any CSG producer is going to have ongoing tweaking required.

lets say for example that BG said they could not justify taking over ESG because they have their own acreage (JV's) to explore. however they could do an offtake agreement for the gas to go north. then is santos had the capacity to launch a take over to stifle that agreement. this is the situation where BG might just use their swinging dick balance sheet to take out ESG.