I am not sure what it means, but seems to mean different to the...

I am not sure what it means, but seems to mean different to the STO presentation you refer to.

The presentations tell a story of transition to a lower carbon future (some of it perhaps greenwashing) but with a focus on LNG, LNG having a better med/L term future, esp. paired with some carbon burial (although of course you need the CO2 sources proximate).

The layoffs (a bit sketchy) seem to more refer to the wind down of existing legacy operations in WA, which according to the theme in the presentations possibly do not fit, being domestic. This might make Dorado more a ST opportunistic asset, but hey Gallagher is enough a traditional O&G man that he’s going to maximise value realisation from it even if it’s a better fit with a more oil orientated owner. Maybe he sells completely once in production - so what.

Nothing imo to indicate the layoffs are related to Dorado - although one would expect some of them to have have some involvement - roles change as projects mature.

Let’s see what the buyers do today.

EL