Eastern Star Gas

Eastern Star Gas (ESG) is an ASX listed company focused on the development of Coal Seam Gas (CSG) in Northern NSW for the NSW and potentially Eastern Australian and international LNG markets. The company booked its first independently certified CSG reserves in late 2007 and has entered into key Memorandums of Understanding to supply gas for use in NSW based electricity generation. ESG’s present, primary focus is on the CSG resource of the Gunnedah Basin in NSW. ESG holds a 65% interest in the Narrabri Coal Seam Gas Project, located in PEL 238 adjacent to the township of Narrabri. As Operator of PEL238 ESG is conducting a 20 well corehole exploration and appraisal programme during 2008/09. In addition, 4 multi-lateral production pilot wells will be completed at Bibblewindi and Dewhurst. This programme is expected to generate additional reserves to underwrite gas sales agreements and provide gas to the Wilga Park Power Station which is undergoing expansion to take production pilot gas.