Eastern Star Gas (ESG) - the next Arrow Energy?

[Taijon]

Anyone else following this company? It has coal seam gas fields and exploration permits and the share price has been moving quickly over the past month.

Hillgrove Resources (HGO) holds about 19% of the shares and its share price has been moving up too.

Discl: hold both the above

[Halba]

hi bought some of these @ close yesterday. lets see how they pan out. Its promising value if you compare it to Arrow.

[kura]

My interest was via HGO, as they had a joint venture with ESG (sold their share of venture to ESG, in return for ESG shares)

The potential resource is truly enormous, providing it is cost effective to extract of course.

[shasta]

My interest was via HGO, as they had a joint venture with ESG (sold their share of venture to ESG, in return for ESG shares)

The potential resource is truly enormous, providing it is cost effective to extract of course.

Now i'm able to log in again, i can disclose the fact i bought a few ESG @ 47c.

Got sick of watching my targets run & hence i wasnt going to let this one fly without me being on it.

With CSG companies the likes of PES,BOW,VPE,RPM etc up in QLD, to me ESG looks interesting as its looking primarily in NSW for CSG.

They still have 20%+ in OIP - a conventional oil & gas company spun out of ESG last year, which is well funded & cashed up like ESG.

Best of all i like the ESG/SXP tie in for the South Australian (SA) CSG sector, with SXP recently receiving a state grant for exploration.

Another CSG company in the mould of QGC & AOE going places...

Chartwise she's looking very good :D

[Phaedrus]

Chartwise she's looking very good

....and vaguely familiar!

http://h1.ripway.com/Phaedrus/ESG52b.gif

[shasta]

....and vaguely familiar!

http://h1.ripway.com/Phaedrus/ESG52b.gif

Thanks for the graph as always Phaedrus...

ESG swimming along nicely around 62c ....:D

[shasta]

Nice presentation & project update...

Well worth a read, ESG will re-rate as they shore up there 2P reserves during 2008.

I like the Sapex (SXP) link with ESG.

OIP has also moved up of late

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=504256

[shasta]

Nice presentation & project update...

Well worth a read, ESG will re-rate as they shore up there 2P reserves during 2008.

I like the Sapex (SXP) link with ESG.

OIP has also moved up of late

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=504256

One of the key fundamental criteria for buying into companies should always be how good is the management/board.

ESG have secured two more key appointments, being ex Santos & Origin.

Check the ann for the whole management team, one of the best i've seen assembled in any ASX listed company...

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=505255

ESG has started its run but compared to QGC/AOE/SHG & MEL would seem to have some more legs in its current run.

Am extremely bullish on ESG & it's potential, due to:

1. Its 2008 campaign to increase its 1P/2P/3P reserves
2. Its upcoming CSG drill program on the Sapex (SXP) permits in S.A
3. It's 20%+ holding in Orion (OIP) & its well funded drill campaign for conventional Oil & Gas.

ESG is in all likelihood around 18-24 months behind QGC, but has that kind of potential in it IMO.

As always DYOR :)

[shasta]

One of the key fundamental criteria for buying into companies should always be how good is the management/board.

ESG have secured two more key appointments, being ex Santos & Origin.

Check the ann for the whole management team, one of the best i've seen assembled in any ASX listed company...

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=505255

ESG has started its run but compared to QGC/AOE/SHG & MEL would seem to have some more legs in its current run.

Am extremely bullish on ESG & it's potential, due to:

1. Its 2008 campaign to increase its 1P/2P/3P reserves
2. Its upcoming CSG drill program on the Sapex (SXP) permits in S.A
3. It's 20%+ holding in Orion (OIP) & its well funded drill campaign for conventional Oil & Gas.

ESG is in all likelihood around 18-24 months behind QGC, but has that kind of potential in it IMO.

As always DYOR :)

More drilling results & the market likes it!

Great company here & going places :cool:

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=505940

Current SP 69c

[bermuda]

More drilling results & the market likes it!

Great company here & going places :cool:

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=505940

Current SP 69c

Shasta,

I just love Eastern Star and Sapex but sadly dont own any. Cant sell VPE or BOW or RPM , perhaps PES ( they have had a good run, but could run on hugely )

Could sell NZO because they are only a 2 bagger from here.

I have ahuge feeling that SAPEX is going to be a superstar.

[shasta]

Shasta,

I just love Eastern Star and Sapex but sadly dont own any. Cant sell VPE or BOW or RPM , perhaps PES ( they have had a good run, but could run on hugely )

Could sell NZO because they are only a 2 bagger from here.

I have ahuge feeling that SAPEX is going to be a superstar.

I agree with you re Sapex, & thats why i like the fact ESG operate in NSW, Victoria & have farmed into South Australia with SXP.

ESG & MEL look the goods for the NSW plays...(you have QLD covered!)

Perhaps SXP has dropped on some profit taking & that gap at 30c might be the last train (not LNG :D) leaving before it runs again.

[bermuda]

I agree with you re Sapex, & thats why i like the fact ESG operate in NSW, Victoria & have farmed into South Australia with SXP.

ESG & MEL look the goods for the NSW plays...(you have QLD covered!)

Perhaps SXP has dropped on some profit taking & that gap at 30c might be the last train (not LNG :D) leaving before it runs again.

Imagine if we had the courage and wisdom to invest in one stock at a time. Far out. That is what I am working towards but all these beauties ( CSG plays ) keep getting in the way.

Quite often I think about just having one stock ( again )

[shasta]

Imagine if we had the courage and wisdom to invest in one stock at a time. Far out. That is what I am working towards but all these beauties ( CSG plays ) keep getting in the way.

Quite often I think about just having one stock ( again )

As you can see i hold just 4 stocks & that grew recently with ESG :D

Am looking at leverage plays to trade ie, VPEO, SXPO, OIPO

SXPO dont expire til 2012 :eek: (I doubt they will still be around then!)

Wish ESG had options :p

[bermuda]

As you can see i hold just 4 stocks & that grew recently with ESG :D

Am looking at leverage plays to trade ie, VPEO, SXPO, OIPO

SXPO dont expire til 2012 :eek: (I doubt they will still be around then!)

Wish ESG had options :p

Congratulations! Well done.. As you may know I sold everything and went with NZO only. What a voyage.

I now own 7 really good stocks that I am proud to own because I know their background.

I hate selling any of them

[shasta]

Congratulations! Well done.. As you may know I sold everything and went with NZO only. What a voyage.

I now own 7 really good stocks that I am proud to own because I know their background.

I hate selling any of them

If i were to rank my shares on which one only i would hold...

URA
ESG
OEL
ADY

I have a self imposed limit of 5 shares, i mean why buy shares in something else, over buying what you already have!

Like yourself i find selling hard, despite having numerous targets

You must back your own judgement, & i do subscribe to your theory of punting big. At one stage URA & ADY were 80% of invested capital

Am tempted to take the OEL profits & buy more CSG companies, however i just know its due a re-rate shortly when the Galoc oil flows....

ESG has returned me 47% in about 2 weeks (47c > 69c), & it doesn't look like retreating just yet!

[bermuda]

If i were to rank my shares on which one only i would hold...

URA
ESG
OEL
ADY

I have a self imposed limit of 5 shares, i mean why buy shares in something else, over buying what you already have!

Like yourself i find selling hard, despite having numerous targets

You must back your own judgement, & i do subscribe to your theory of punting big. At one stage URA & ADY were 80% of invested capital

Am tempted to take the OEL profits & buy more CSG companies, however i just know its due a re-rate shortly when the Galoc oil flows....

ESG has returned me 47% in about 2 weeks (47c > 69c), & it doesn't look like retreating just yet!

Shasta,
Isnt it great following your dreams with good research. And then, as you say, punting big. Because that is what life is all about. Work first , Play later.

[shasta]

Shasta,
Isnt it great following your dreams with good research. And then, as you say, punting big. Because that is what life is all about. Work first , Play later.

Being 31 means i have alot of time on my side.

ESG in a couple of years will be where QGC is now, if not more advanced.

What better time now than to get set & watch it all unfold!

Who said work can't be play :cool:

[bermuda]

Being 31 means i have alot of time on my side.

ESG in a couple of years will be where QGC is now, if not more advanced.

What better time now than to get set & watch it all unfold!

Who said work can't be play :cool:

Shasta,

What a wonderful start you have..and so much time up your sleave. Congratulations.

My Father always said "Work First, Play Later"

Seems like you have a very good philosophy. Best of luck.

[shasta]

Shasta,

What a wonderful start you have..and so much time up your sleave. Congratulations.

My Father always said "Work First, Play Later"

Seems like you have a very good philosophy. Best of luck.

Cheers Bermuda

ESG ramping up its plans with another power station :cool:

http://www.asx.com.au/asxpdf/20080521/pdf/3197b525k7gph1.pdf

[shasta]

Cheers Bermuda

ESG ramping up its plans with another power station :cool:

http://www.asx.com.au/asxpdf/20080521/pdf/3197b525k7gph1.pdf

Took my profits & exited at 67c (42.5% profit in under a month) :D

ESG has great potential & i shall return later on into this future "blue chip".

Hopefully i get back in before they sure up there 2P reserves late 2008

Too many targets elsewhere :eek:

[bermuda]

Took my profits & exited at 67c (42.5% profit in under a month) :D

ESG has great potential & i shall return later on into this future "blue chip".

Hopefully i get back in before they sure up there 2P reserves late 2008

Too many targets elsewhere :eek:

Hi Shasta,
you could be right but I would have waited until next Wednesday ( not that I am a trader )

i.e. After the Excellence in Oil and Gas conference conference in Sydney.

ESG are presenting. I am going along so will take an interest in the presentation.

[shasta]

Hi Shasta,
you could be right but I would have waited until next Wednesday ( not that I am a trader )

i.e. After the Excellence in Oil and Gas conference conference in Sydney.

ESG are presenting. I am going along so will take an interest in the presentation.

I know whats ahead for them, & i'm sure you will be suitably impressed with them.

Many are ex Origin :cool:

[ronthepom]

Took my profits & exited at 67c (42.5% profit in under a month) :D

ESG has great potential & i shall return later on into this future "blue chip".

Hopefully i get back in before they sure up there 2P reserves late 2008

Too many targets elsewhere :eek:

Hi Shasta, looks like you and i exited to soon looking at todays run? shucks.

[Phaedrus]

No "Sell" signals yet......

http://h1.ripway.com/Phaedrus/ESG528.gif

[clearasmud]

i thought id mention OIP a recent ESG ofshoot.
Surprisingly Current price 10c is well below cash backing.
I believe there is high impact drilling in July.
Plus they have csg interests.
Strong board.

Disc bgt some

[shasta]

i thought id mention OIP a recent ESG ofshoot.
Surprisingly Current price 10c is well below cash backing.
I believe there is high impact drilling in July.
Plus they have csg interests.
Strong board.

Disc bgt some

Narrabri CSG project update (NB, ESG's market cap is now ~$A600m)

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=507885

[shasta]

Narrabri CSG project update (NB, ESG's market cap is now ~$A600m)

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=507885

ESG Update on PEL 238

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=509153

[shasta]

ESG Update on PEL 238

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=509153

ESG Open briefing

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=509888

Monthly drilling report

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=509905

[shasta]

big volume a few days ago, about 12 million
should be back on the radar with their certification/ drill program over the next 12 months

should be a lot of support at 50c, currently 58c and on the way down


if it gets to 50/51c, it will be a strong buy imo.

ESG quarterly out...

Current SP 55c :eek:

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=514181

Phaedrus - Any chance of an updated chart, we'd had a fair retracement of late, Thanks.

Still happy to have sold at 67c ;)

[Phaedrus]

Any chance of an updated chart? - we've had a fair retracement of late...
We sure have - ESG still heading South though. It will be interesting to see whether the previous support at 54 cents continues to hold. A break below this would see active traders that bought into the recent short-term uptrend (small green arrow) exiting smartly.

Time to watch and wait.

http://h1.ripway.com/Phaedrus/ESG730.gif

[shasta]

Appreciate the chart thanks Phaedrus.

Will wait & see if the support holds...

[shasta]

Appreciate the chart thanks Phaedrus.

Will wait & see if the support holds...

ESG - Presentation JP Morgan CSM Corporate Access Day

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=526002

[shasta]

ESG - Presentation JP Morgan CSM Corporate Access Day

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=526002

AA

Thought it better to move the ESG discussion over here.

ESG from 27 to 47c over the last few days...

http://www.directbroking.co.nz/cgi-bin/sparkle.dll/superchart?template=dblsuperchart&session=0&instrument=ESG&exchange=ASX&period=3M&adj=yes&vs=LINE&ct=LINE&compi=&ma1=5&ma2=30&bb=Y&ind=RSI&ra=2

[shasta]

Ive had awesome Trades with ESG in the past, Great company.

The day to Buy ESG was the 10th of October,on the Volume Spike(marking the bottom(kinda rude isn't it,marking the bottom lol))

Now your late to the party, Which might be ok or it might not , I don't take unnecessary risk.

Little tip,

Never Buy on a up day in a up trend , buy the low volume pull back.... your risk is much less.

ESG ... Resistance is around 60c, so ESG is free to run up to that with the usual waves of volatility, followed by compression, repeat process.... e.g normal waves/cycles till target.

Here is A, AA Trade Secret Just For You Shasta, So don't tell anyone else ok!

Trend Reversal
*Above-Average Volume with LITTLE price movement
*Above-Average Volume after a huge advance or decline

Trend Continuation
*Above-Average Volume with STRONG price movement
*Above-Average Volume with breakout
*Below-Average Volume with NO price movement


AA

I had a nice trade a while back with ESG, 47c to 67c :D

Always looking to go back to the well, one more time...:p

[shasta]

Lately you have been finding some very good reversals that I too have on my watch list, you have talent! that is for sure.

AA

More like a drunk monkey throwing darts...:D

Throw enough, one's gotta hit aye ;)

I'm following alot of stocks if i was buying, i wouldnt be researching as much, i just have the time at the moment to do so...

[Corporate]

if you want to leverage into ESG "longer" term rather than for a short term trade

HGO has never been cheaper

shareholding in ESG worth $75m today

HGO MC = $37m



for a short term trade HGO support now at 10c for any reversal

DOG looks at this - quite interesting. HGO has taken a hammering in comparison.

http://finance.yahoo.com/q/bc?s=HGO.AX&t=1y&l=on&z=l&q=l&c=esg.ax,%5EDJI

[shasta]

yup, HGO up 27% tops on biggest volume for awhile

nearly 2m

yes, a little wrong;)


and btw, that was with ESG -5%

ESG - Investor Presentation :)

http://www.stocknessmonster.com/news-item?S=ESG&E=ASX&N=529184

[SCHUMACHER]

Fellas, nothing seems to be going up of late...I nearly bought osme of these today but decided to wait.........its up one day and down the next...........hopefully after todays selloff we may get a "short squeeze "on monday if the dow can stay in the green.........the shorters dont like anything positive even on a daily basis so watch some shares move up if the dow has a rise on good news...dow futures up 300 points so a rcovery on the previous day only and even if the dow can turn green on friday it will probaby go red again on the monday ...this market not for the faint hearted....cheers SCHU

[SCHUMACHER]

Underdog....i also noticed that the recent announcement suggests that production will be temporarily hampered as they do a "repair and maintenance" on one of the main gas supply lines......the frustrating factor is that 50% of their production comes from this supply line.......bascially it will drop their revenues and will be representative in output figures in the next quarter ...On the chart front , it has broken back thru its previous support for the time being, so it will need a good head of steam to get back up
cheers SCHU

[SCHUMACHER]

sorry my previous post was in relation to PSA not ESG so disregard!!

CHEERS SCHU

[aurelian]

Is anyone still following ESG?
Santos now has around 20% holding

[tobo]

It looks like it's trapped in a trading range (reminds me of VPE)

Not a holder (got BOW, VPE instead)

[tobo]

ouch
It got punched in the nose

[trackers]

Interesting chart here... Anyone care to comment on my blue arrows?

http://iforce.co.nz/i/jrj2wtth.bmp

[Joshuatree]

Santos taking out ESG BEFORE reserves upgrade for 90c eqiuv in a share swap, in the absence of a higher offer.WoW. And to think Santos bought 20% of ESG all that time ago for $1 share when ESG had much less!!!.Will another offer come?

[drillfix]

Interesting chart here... Anyone care to comment on my blue arrows?

http://iforce.co.nz/i/jrj2wtth.bmp


Seems to be a gap down on the first and then 2 doji tops by the looks of things going by where you have marked your blue arrows.

Care to share with us your markings there Trackers?

[Joshuatree]

Santos sp rising and ESG sp following now getting close to the 90c equiv offer (.68 0f sto for 10 esg i think). Some shareholders have already gone ,some holding to convert to sto and a large number forming an activist group to vote no to coming resolutions, int times ahead, i still hold atp.

[Joshuatree]

Looks like Santos will get the vote over the line unfort. Im out on a relief rally, happy to get cash out of mkt too, but my No vote still counts. If somehow the NO vote does get over the line may buy back on a price drop. Good luck anyone still in. Managment credibility in tatters imo