ESG - Eastern Star Gas

pointr · 17 July 2009

Good point Miner, if NSW,Qld and Australia could get their head around gas fired base load power, instead of coal it could only be a good thing for the likes of ESG. Gas turbines, quick to adjust to load, lower carbon and cooling water footprint. It is probably like our water boards that only think about dumping wastewater in the sea because "we have always done it this way".

Annwn · 19 July 2009

Broken from trading range that began in March 09, increased Vol
3 strong up days with the close new tap of day.
see what happens Mon

Cheers

kingbrown · 21 July 2009

Holding above $1 now
Was always a no brainer for this little Gaser

Bring on $2 i say !!!

Continue to hold long term

Newcastle on the map as a port for LNG exports

NEWCASTLE Port could support a liquefied natural gas export plant to process the huge coal-seam gas resources Santos and partner Eastern Star Gas say they are sitting on in NSW's Gunnedah Basin, according to an early study.

Eastern Star managing director David Casey told The Australian a report his company commissioned into the possibility of an LNG plant at Newcastle, north of Sydney, had come back positive.

"The report says it can be done and that it (an LNG plant) should be looked at further," Mr Casey said.

http://www.theaustralian.news.com.au/business/story/0,28124,25806542-5005200,00.html

pointr · 21 July 2009

There will no doubt be much posturing about LNG and other possible uses for Gunnedah basin gas. A viable export LNG industry at Gladstone should have an effect on gas prices in the eastern states anyway. It will be interesting watching where the next level of support is in ESG's price. I'm also a long term holder,just not sure for how long, depends on the graph and the fundamentals. As I have posted before I think there is a good story happening in this area. I don't know how to take STO's boss saying they dont want anymore of ESG, probably telling the truth for the moment. Long term, for the right price why wouldn't you want 100% of a good thing instead of 48% of it, perhaps he never had a monopoly set as a child

grace · 21 July 2009

pointr said:
There will no doubt be much posturing about LNG and other possible uses for Gunnedah basin gas. A viable export LNG industry at Gladstone should have an effect on gas prices in the eastern states anyway. It will be interesting watching where the next level of support is in ESG's price. I'm also a long term holder,just not sure for how long, depends on the graph and the fundamentals. As I have posted before I think there is a good story happening in this area. I don't know how to take STO's boss saying they dont want anymore of ESG, probably telling the truth for the moment. Long term, for the right price why wouldn't you want 100% of a good thing instead of 48% of it, perhaps he never had a monopoly set as a child

No point in STO talking up ESG if they are going to have a go at it later on. I am not parting with any of mine now, in fact, I am looking at buying again. Fundamentals looking too impressive and also reserve upgrade due this half should be nice going on drilling results.

kingbrown · 21 July 2009

pointr said:
There will no doubt be much posturing about LNG and other possible uses for Gunnedah basin gas. A viable export LNG industry at Gladstone should have an effect on gas prices in the eastern states anyway. It will be interesting watching where the next level of support is in ESG's price. I'm also a long term holder,just not sure for how long, depends on the graph and the fundamentals. As I have posted before I think there is a good story happening in this area. I don't know how to take STO's boss saying they dont want anymore of ESG, probably telling the truth for the moment. Long term, for the right price why wouldn't you want 100% of a good thing instead of 48% of it, perhaps he never had a monopoly set as a child

Not to be rude but where are people on this forum getting the idea that Santos has 48% OF esg ??

I was under the impression Santos owns 19.9% all up plus a interest in Gunnedah tenanments

Please shed some light on this

Jimminy · 22 July 2009

19.9% of 65% = 13% of PEL238 + 35% of PEL238 (purchased off Gastar) = 48%....

So indirectly via ESG they have 48% of PEL238 is what people mean.

But not a controlling stake as most people understand.

kingbrown · 23 July 2009

Thanks for clearing that up Jim

ESG 107 cents this arvo

Have to be happy with that today

Jimminy · 23 July 2009

Jimminy said:
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.

I posted this on page 1 of this thread on the 17/4/07.....how right I was.

Although my patience has been tested!!:bloated:

But oh so rewarding day....

pointr · 24 July 2009

On my last glance this morning ESG seemed to be 'running out of puff' with its SP, oh well it is Friday and lots of people are sitting on some profit. Available on ESG's website/broker reports are the latest views from Credit Suissse and Morgan Stanley. They make an interesting read and have a quite positive tone overall.

growing · 24 July 2009

Hmmm, I just read those reports.. That Suiss Securities place still reports ESG to be a little expensive on comparison to its peers, however resource certification/confirmation is really the next big step for ESG.

Both reports make no mention of $2.00 per share, Morgan Stanley rate a bullish outcome at $1.73 per share. I think we just have to continue to be patient

pointr · 12 August 2009

ESG released an open briefing yesterday on progress at its Gunnedah Basin CSG project.
http://clients.weblink.com.au/clients/easternstar/article.asp?asx=ESG&view=2559815
This includes the rationale for the 'shield wells' on each side of a current pilot to facilitate dewatering and reveal the true productivity of the pilot. There was also mention of a soon to be applied for development plan. I thought the announcement was fairly positive but SP wise, little movement. ESG currently appears to be building another base around $1.00

jancha · 13 August 2009

Re: ESG - Eastern Star Gas

--------------------------------------------------------------------------------
ESG released an open briefing yesterday on progress at its Gunnedah Basin CSG project.
http://clients.weblink.com.au/client...G&view=2559815
This includes the rationale for the 'shield wells' on each side of a current pilot to facilitate dewatering and reveal the true productivity of the pilot. There was also mention of a soon to be applied for development plan. I thought the announcement was fairly positive but SP wise, little movement. ESG currently appears to be building another base around $1.00

Pointer seems as if there was a delayed reaction to the ann as there certainly have plenty of movement now!

Miner · 13 August 2009

jancha said:
Re: ESG - Eastern Star Gas

--------------------------------------------------------------------------------
ESG released an open briefing yesterday on progress at its Gunnedah Basin CSG project.
http://clients.weblink.com.au/client...G&view=2559815
This includes the rationale for the 'shield wells' on each side of a current pilot to facilitate dewatering and reveal the true productivity of the pilot. There was also mention of a soon to be applied for development plan. I thought the announcement was fairly positive but SP wise, little movement. ESG currently appears to be building another base around $1.00

Pointer seems as if there was a delayed reaction to the ann as there certainly have plenty of movement now!

\
Mate did you read the posting by point r some 24 hrs before your post ?

Looks like copy and paste . NEver mind we all do it in some way but not immediately after the post. CHill out just having fun

jancha · 14 August 2009

Miner said:
\
Mate did you read the posting by point r some 24 hrs before your post ?

Looks like copy and paste . NEver mind we all do it in some way but not immediately after the post. CHill out just having fun

Sorry miner was just responding to Pointers comment about there being little movement with ESG announcement. Hope they continue to go north. Some large buys yesterday.

pointr · 19 August 2009

A bit of a 2P resource upgrade today and a bit of a jump in the share price. The ESG / STO Gunnedah Basin project continues to progress. Todays announcement also refers to the resource upgrade taking into account market planning that is underway. The steady flow of good news continues from ESG.

benny33 · 19 August 2009

thinkandshare.com/stochdetail.php?StockID=6222

Someone entered this for ESG. I havent seen this site before.. has anyone seen it?

If thats the case you would think that ESG is a bit expensive?

growing · 19 August 2009

Yeah it does have a rather large Market Cap considering the infant stage it as at.. however Santos taking 20% gives it intrinsic value ... I read a recent Eureka report (Alan Kohler's regular subscription business reporting company) where ESG was listed in the top 10 potential takeovers within the next 12 months. Probably based on Santos taking 19.9% of the company

Although some brokers and myself have always seen this stock as a bit on the expensive side for its size/devlopment, I will personally hold onto my shares to see what happens with Santos in the big picture

pointr · 20 August 2009

In AGL's results announcements today they mentioned their gas reserves goal. Currently after the purchase of SGL and the Gloucester project they have around half of their stated goal. They also mentioned as a positive the proximity of these resources to their key Sydney / Newcastle markets. Would ESG's reserves have an appeal to them?, probably yes one would think, but at what price and at what stage of development. As some of AGL's business is selling energy to retail customers, security of supply and reserves bought before potential east coast LNG exports raise the value of reserves must have some appeal. My on another possibility re ESG.

Mad Mel · 20 August 2009

pointr said:
In AGL's results announcements today they mentioned their gas reserves goal. Currently after the purchase of SGL and the Gloucester project they have around half of their stated goal.

Nice catch, pointr. Looks like they want another 1000PJ of 2P. I wonder if ESG's (probably attainable) target of 1300PJ 2P might be more than they want to pay for, considering that they are still proving up reserves of their own at this point. I certainly wouldn't rule out a run at ESG, but they might go after a smaller interest if it meets their target when combined with their own upcoming reserve certifications. CRM is just south of ESG, but smaller, uncertified tenements (Santos is farmed in). AGL is farmed in with INP, and depending how the drilling results go over the next month or so, those tenements might be an appropriate target for AGL. Of course, I hold both CRM and INP... so take that opinion for what it's worth.

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