Following the success of its recent drilling program in PEL 238, which saw the establishment of NSW's first commercial gas field, Eastern Star Gas is looking to mop up minority interests in PEL 238.
Eastern Star said acquisition of related party interest would increase the company's in this highly prospective licence area to 81.5167%.
A consultant from Resource Connections International, Mr Adam Wheatley, has been appointed by ESG directors to advise on valuations.