ESG 0.00% 86.5¢ eastern star gas limited

help a newbie understand something

  1. 46 Posts.
    A little while ago, either on this forum or on the MEL forum, there was some talk about reserves upgrades and the fact that 3P cannot become 2P without there being a market to sell into.

    If this is the case, isn't a scheme such as this, and the JV with TRU the perfect avenue to say that there is a market. No MOU, no GSA required. Someone wants the gas, and lots of it, so upgrade the maximum amount of 3P into 2P.

    I am a newbie, so definitely do not understand. Please help!
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