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ESG - Eastern Star Gas

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Well, it held above 60c, and has gone up another 7% this morning.

Buy side thin again, with some slight resistance to be had at 68c I reckon.

The price will possibly bounce around between 61 and 68c just looking at the market depth.
 
Sprinter79 said:
Well, it held above 60c, and has gone up another 7% this morning.

Buy side thin again, with some slight resistance to be had at 68c I reckon.

The price will possibly bounce around between 61 and 68c just looking at the market depth.
Click to expand...

Bro this stock is very textbook.
Almost always pulls back to the previous peak. Gives you ample opportunity to pyramid into it.

This stock is a winner.

Nothing crazy, but slow and steady wins the race
 
Hehehe, I know someone who'll be pissed off that they engaged in a bit of premature 'coitus interuptus'


But he put me on to this one, so I can't stay mad at him..... awwwwwww
 
it's a nice thought to think that there hasn't been an update from the Bibblewindi pilot for quite a while now - yet ESG has just hit 70c so it could be that inside information if aware of something more than just the Bibblewindi flow rates.

Not a text book outstanding breakout:, but an outstanding performance in the last month from this blue sky stock that many still choose to ignore.
 
Another 6% rise today. Touching on a 50% increase for me

I'm gonna go out a limb here and say that there might be some profit taking once it gets well into the 70c's.
 
most people aware of csm co. like ESG shouldn't even consider profit taking at present.

If they are, well good luck to them because they have made a lot of money like me .

But I need/want to know where they are putting their money that they take out of ESG because I still think ESG is one of the best stories out for short, medium long term capital gains.
 

Im not even considering selling.
Why not?

Because this is still very much on a strong uptrend.

Where will it peak?
Maybe 70c was the top?
Maybe $1.70 in a few months, maybe $7 in a few years.

Hard to say.
But one things for sure -- im gonna ride this for as long and as hard as i possibly can.
 
Well, it looks like that limb I went out on is very thin indeed, almost as thin as the line of sellers hahaha
 
chops_a_must said:
I'll be looking to take some money off the table should this get into the 60s. It's been very good to me.
Click to expand...

Hope you were greedy Chops, and didn't sell in the 60s.

Cos, if you didn't you would have been like me today....
 
ESG in a trading halt - progress update looks pretty positive at first glance. Let's see how the market reacts!!

malachii
 
Well - market seems to like it - shares up almost 10% (64.5cents) with some pretty decent buy depths!

malachii
 
ESG has gone back into pre open for another announcement - what is this????? The coal seamers are going off with announcements today!!

malachii
 
we now have a firmer date for reserves certification (target 50-100pj - 2p). Due end of September.

We also have Gastar to farm out exploration for another tenement.
 
Recent announcement that ESG will spin off some of their assets into another company to be called Orion with a capital raising to fund exploration.

Should see some cheap shares for ESG holders in ORION. Expect this to run a bit now.

Has been having an eratic consolidation in the high 50s - high 60s.....but a consolidation none the less. 10% gain today.
 
This might be worth a listening into:


Gastar Exploration Announces Second Quarter Earnings and Conference Call Schedule

HOUSTON, Aug 09, 2007 (BUSINESS WIRE) --

Gastar Exploration Ltd. (AMEX:GST) and (TSX:YGA) announced today that it will release second quarter 2007 results on Tuesday, August 14, 2007 after the market closes. In conjunction with the release, Gastar has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, August 15, 2007 at 11:00 a.m. Eastern Time (10:00 a.m. Central).


What: Gastar's Second Quarter 2007 Earnings Conference Call
When: Wednesday, August 15, 2007 - 11:00 a.m. Eastern Time
How: Live via phone - By dialing (303) 262-2137 and asking for
the Gastar call at least 10 minutes prior to the start
time.
Live over the Internet - by logging on to the web at the
address below.
Where: http://www.gastar.com. The webcast can be accessed from the
investor relations home page.



For those who cannot listen to the live call, a telephonic replay will be available through August 22, 2007, and may be accessed by calling (303) 590-3000, using pass code 11094959. Also, an archive of the webcast will be available shortly after the call on the Company's website at www.gastar.com for at least 90 days.

Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. The Company pursues a strategy combining select higher risk, deep natural gas exploration prospects with low-risk coal bed methane (CBM) development. The Company owns and controls exploration and development acreage in the deep Bossier gas play of East Texas. Gastar's CBM activities are conducted within the Powder River Basin of Wyoming and upon the approximate 3.0 million acres controlled by Gastar and its joint development partners in Australia's Gunnedah Basin (PEL 238), located in New South Wales, and the Gippsland Basin (EL 4416), located in Victoria.

SOURCE: Gastar Exploration Ltd.
 
Jimminy said:
we now have a firmer date for reserves certification (target 50-100pj - 2p). Due end of September.

We also have Gastar to farm out exploration for another tenement.
Click to expand...

Looks like we might be getting our reserves certification results this Friday - in trading halt til then.

Combined with a high profile ex-beauracrat in John Anderson as the new Chairman, things continue to look good for this co.
 
Another superb announcement from this sleeping giant.

Signed an MOU with Babcock and Brown to supply 40pJ/a to a gas fire power station for a gas fire station in northern NSW....
 
Anyone have any opinions re- the Orion spin-off/float (whatever?).
Seems to be some good potential in the tenements going to Orion. But not sure what the motivation is to spin-off. Is it just so they can be explored and developed faster?
-D
 
Dukey said:
Anyone have any opinions re- the Orion spin-off/float (whatever?).
Seems to be some good potential in the tenements going to Orion. But not sure what the motivation is to spin-off. Is it just so they can be explored and developed faster?
-D
Click to expand...

pretty much Dukey...plus two other factors. (1) They had trouble finding others to farm in; & (2) spinning off the assets creates less dilution for ESG shareholders from any required capital raising.

Purely speculative but it is good prospective areas they have with an experienced team.
 
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