ESG 0.00% 86.5¢ eastern star gas limited

gas star

  1. 576 Posts.
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    As I mull over the future of ESG,one thing I would like to see happen is for ESG to buy out Gas Star's 35% interest.
    Gas Star have released their 3rd Qtr numbers and are capped at about $US100m. They have $14m in the bank and need more funds to continue exploration/production. They have stated in their report that they will in fact reduce exploration/production expenditure in the coming qtr - not a great position for a rising company. I don't know what their share of PEL238 would be worth but they must be in the situation where they need more cash.

    Porker
 
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