ESG - Eastern Star Gas

[yogi-in-oz]

Hi folks,

ESG ..... almost primed for another rally.

Would like to see this one test 10.5 and
bounce, with good supporting volume.

For most of December 2005, ESG will
should us an underlying negative tone,
until about 29122005 .....

Other key dates for ESG may be:

19122005 ..... negative news ???

29122005 ..... significant spotlight on ESG


Early January 2006 should see a continued,
negative tone ..... ending around 09012006:


09012006 ... significant and positive news

13012006 ... minor and positive

18012006 ..... significant changes for
longer-term.

27-30012006 ..... significant news, but
a flat period here ???

01-07022006 ..... flat period??

13022006 ... significant & negative news??

24-27022006 ... spotlight negative???

03-06032006 ..... significant and negative??

14032006 ..... change in finances???

28032006 ..... management changes???

13042006 ..... negative and finance-related???

21-24042006 ..... news of board changes???

27-28042006 ..... 2 cycles here ... significant
and positive

happy days

yogi

 

[ALFguy]

Anyone watching this? In blue sky territory now up 15% today with big volume.

Looking VERY good

 

[Sean K]

You on it Alf?

Looks like most things with the word 'gas' in them are going off due to the STO/QGC thingy.

Not sure how much they all have left to run. Could be all over very quickly and the punters get caught with their pants down......and no chair.

 

[ALFguy]

No, not in, bit worried it's too late.

Still seems to have legs in it yet though and could surprise.

 

[Halba]

Whats to say its over. Fundamentals look pretty undervalued, its getting the re-rating it deserves?

 

[mpv]

breakout

Announcement of new production well being tested.

 

[Novski]

This one seems to have got away without much attention. Some great gains lately.

Unusual price reversal in Aug?Sep, but volume on its side...still.

Halba may have been on it..

 

[surfingman]

ESG Eastern Star Gas Limited

Market Cap 483,680,179 shares @ 0.32 154,777,657.28

NSW gas exploration and production

Electricity Generation (100% interest)
(Wilga Park Power Station)
The Narrabri Power Project has been developed by the Company to commercialise gas reserves at the Coonarah Gas Field, NSW first commercial conventional gas field, located 20 kms west of the important regional agricultural centre of Narrabri (PEL 238). The Project is the sole undertaking of the Company's wholly owned subsidiary Narrabri Power Limited ("NPL"), and comprises:

• Petroleum Production Lease 3, including the Coonarah Gas Field;

• A gas gathering and processing system to deliver gas from the Coonarah field, to the power station site at Wilga Park, 12 kilometres west of Narrabri, on land owned by the Company;

• A power station comprising 12 X 1 MW Jenbacher gas reciprocating engines and generating sets with four associated 415 V to 11 kV transformers;

• A high voltage switchyard, including an 11 kV to 66 kV step-up transformer to deliver power station output into an existing 66 kV transmission line adjacent to the power station site; and

• A 10 year Power Purchase Agreement ("PPA") with Country Energy for the sale of all power station output.



Memorandum of Understanding with Macquarie Generation
On 13 March 2007, the Economic Entity together with joint venture partner Gastar Exploration Ltd of the Gunnedah Basin Gas Project (Coal Seam Gas) Joint Venture concluded a Memorandum of Understanding (MOU) with NSW Government-owned electricity generator Macquarie Generation to investigate the supply of coal seam gas for the expansion of its Bayswater Power Station.

Under the MOU, Macquarie Generation will investigate the use of gas fired power generation within the Bayswater Power Station and the parties will jointly investigate the installation of a 300 kilometre high pressure gas transmission pipeline linking Narrabri to Bayswater.

There is potential for long term gas supply and purchase agreement of up to 500 petajoules in total, on successful implementation of the objectives of the MOU.



PEL 238
Gunnedah Basin, New South Wales
Coal Seam Gas Rights
Interest 65%

The Bibblewindi wells are located approximately 500 metres apart and are located in the southern portion of the 265 square kilometre Bohena Project Area, which contains up to 3,700 PJ (Petajoules), equivalent to approximately
3.7 trillion cubic feet (TCF), of gas-in-place within two sets of coal measures.

The nine wells are complemented by a pressure monitor well, located 2 kilometres to the north of the production wells, which has been completed in
order to potentially increase the amount of gas reserves that can be certified by the production pilot.

Certification of even a modest part of this in-place resource (3,700 PJ) as Proved and Probable reserves (2P) would support significant gas sales contracts. The Company is targeting up to 200 PJ of 2P reserves by end of year 2007.



PEL 8/422/424
Darling Basin, New South Wales
Interest 100%
Farmout attempts are continuing in order to fund the drilling of up to three wells in PEL 8/422/424.

All the prospects delineated by the Company in the Darling Basin have some associated (coincident) surface gas-seep anomalism. The potential to host significant oil and/or natural gas accumulations is as follows:

Nyngenderry-1 (PEL 8) 100 Petajoules of gas or 100 million barrels of oil
Burnamwood-1 (PEL 422) 700 Petajoules of gas or 350 million barrels of oil
Netallie-1 (PEL 424) 2,000 Petajoules of gas or 800 million barrels of oil

These exploration licences are strategically located abreast the under-utilised Moomba-Sydney gas pipeline, and are untested by any modern petroleum exploration.

 

[surfingman]

Any thoughts on this one? I think it was chops pointed it out a potential break out yesterday.

 

[chops_a_must]

Any thoughts on this one? I think it was chops pointed it out a potential break out yesterday.

It was Jimminy who re-discovered it.

There are a few good articles on ESG at:
http://petroleumnews.net/search.asp?cSearch=ESG&sectionid=&commodityid=&regionid=&featureid=

Would like to start a thread on CSM stocks in the future, comparing certified and potential reserves against the market caps of the various companies etc. Because the whole sector is going gang busters right now.

 

[surfingman]

http://www.smh.com.au/news/business...leaner-gas-deal/2007/03/13/1173722467033.html

a good overview, chops im not a member so cant use that link unfortunately thanks anyway.

 

[chops_a_must]

http://www.smh.com.au/news/business...leaner-gas-deal/2007/03/13/1173722467033.html

a good overview, chops im not a member so cant use that link unfortunately thanks anyway.

Just keep signing up for free on the trial with hotmail accounts. Easy.

 

[surfingman]

Just keep signing up for free on the trial with hotmail accounts. Easy.

Okay ill do that now, will be interesting to read some more news on the gas sector..

 

[Dukey]

Up a couple of cents today and approaching highs. Volume nothing spectacular but probably above average?
Could this one be the next CSM player to take a run?? - hope so since I'm in finally .

 

[Jimminy]

Up a couple of cents today and approaching highs. Volume nothing spectacular but probably above average?
Could this one be the next CSM player to take a run?? - hope so since I'm in finally .

Dukey the past week has been quite positive for ESG' sp. However the market has been kind to many stocks including CSM players.

In saying this, ESG has been challenging resistance at 32.5-33c - historical.

We are having reasonable volume 1-3 million per day in the last week. To me this points to a reducing of resistance at these levels. In the absence of any announcements from the company I don't think we will be going too far "just" yet, however I have been patient with ESG for last year and am happy to wait as my AOE are making plenty enough profit.

6-12 months time ESG will look significantly cheap looking back at 33c. The deal with Bayswater is positive & reinforcing to shareholders. We have the gas - give us time to prove it up and you will be rewarded.

MEL is another chops has done well with - similar prospects to ESG over the next 12-18 months.

You have to be patient with stocks like ESG; but once the momentum gets behind the stock (aka AOE) it will be a rewarding experience knowing you were in early.

 

[Dukey]

Yep - one reason I chose this one in particular is that it hasn't (yet) had the big gains the other CSMers have had >> therefor great potential I feel - especially since the Gas and deals seem to be there for the taking. Should lift nicely when the reserves are proved up - and possible T/O target as well considering recent history in this sector.
I'm happy to put them away and wait......

 

[chops_a_must]

Good stuff Dukey. ESG has some of the best fundamentals in the sector. Not as much fun to trade as MEL recently (small amount of shares and market cap makes that great), but the very tight sideways consolidation bodes well for this one.

Cheers,
Chops.

 

[Dukey]

No complaints on this end !!!
I thought I might have to wait a little longer but .....
(I`ll shutup now to avoid casting a jinx!!)

 

[nizar]

No complaints on this end !!!
I thought I might have to wait a little longer but .....
(I`ll shutup now to avoid casting a jinx!!)

Gee this one did aight today.
Volume as well.
And one of those depths that i really like.
Total sellers = 1,050,000
Total buyers = 5,150,000
Looks like itll be a good week

 

[chops_a_must]

Gee this one did aight today.
Volume as well.
And one of those depths that i really like.
Total sellers = 1,050,000
Total buyers = 5,150,000
Looks like itll be a good week

This stock has developed some volatility hasn't it or what? geez. Up and down 10% in a day is nothing. Lol! After two months of moving a maximum of one tick in a day when I first entered.

Great report out today. But the action at the end of last week almost seemed like inside buying... results aren't due out for a few months... The last well is on pump, so they must be onto exactly what they want if price action is anything to go by.

It does look to be running hot, but there will be time for more entries on this over the next couple of months as certification nears.

Cheers,
Chops.