sto/esg/gastar/hgo tranasction implications, page-39

MEL is so undervalued its only a matter of time, there was an interesting line from STO's management when queried about their intentions for ESG


"Santos manager of corporate communications Matthew Doman told AAP that Santos did not plan to launch a takeover offer for Eastern Star.

Rather, the transaction "is about providing the basis for both companies to work together to accelerate development of Australia's next CSG province".

http://money.ninemsn.com.au/article.aspx?id=833153




very interesting line there

"together to accelerate development of Australia's next CSG province"

Sounds like that Northern NSW area is according to Santos Australias next CSG area,

NSW has long been the ugly step sister/ ugly duckling of the CSG sector when compared to the mighty Qld provinces, looks like now NSW may play a bit of catch up