the upgrade strategy

Hey all

Over the last 12-18 months or so that I have been following ESG on HC there has been every strategy / permutation discussed. Not too many have panned out as proposed but that is the nature of the market, yet many have been distinctly probable and argued well.

One strategy proposed has been that ESG hold back / delay reserve upgrade information for strategic purposes.

I recall a metaphor used was comparing ESG to a girl being courted where she shows a touch of leg to get the suitor(s) interested - a nice metaphor indeed.

Well, my advice to ESG is to hit the market with everything it has at upgrade time.

In terms of the metaphor, I would suggest to ESG;

1. Place both hands on the bottom of the dress
2. Raise hands, whilst holding the hem
3. Continue to raise hands until they are stretched over
head
4. Hold that position until multiple suitors are attending!

Seriously, the more the reserves position is HUGE, the more attention that will be gained from State & Federal govts, Santos, GLNG, etc.

This is the year to get all the support - if ESG say (I am dreaming) had enough 2P for the full 4mt LNGN & Wilga Park & a good GSA....THE STAKES GET VERY, VERY HIGH around August.

Imagine the royalties!

Come on ESG....show em it ALL......


Best to all

(SG - maybe best for no pictures to support metaphor :) )