what if..., page-24

what do I know - just a gambler !
great, that makes two of us on here


Whether it is a stranglehold is moot as we have debated it for some time already.
Moot? Can anyone else on this forum explain to me why ESG is acting like the Politburo when it comes to information release? Has DC hired a fingerless sechetary and hisher voice recognition software malfunctioned? I think not. They didnt have any problems today announcing that the GLNG PM is now with Narrabri CSG. Wow, I wonder if that chap has any insights or is it incites???



They have a lot of acreage themselves..
Self appointed basin masters mate. Yet to show their flow though.



I reckon that STO are preoccupied with GLNG
Yup. Questions like, where the bloody hell are we going to find enough gas, and produce it profitably, for this next train FOR WHICH WE HAVE ALREADY SOLD gas for. Talk about telegraphing stuff to the market.Sheesh.

Haha. That reminds me. 750PJ. A nice round number. The "MAJORITY" from UNCONTRACTED Cooper. What does Majority mean. Is it 376PJ of 2P gas??? and the other however much gas, what is this, already contracted resource? So did they just slap some figures together for a nice round 750PJ. Seems a little convienient. Why is it precedent on GLNG#2 being FIDed. Are they afraid they wont have gas. The announcement doesnothing for me but confirm they have a problem.



second outlet to market.
db, Santos has land enough for FIVE (5) trains. They aint been filled up yet, and nor do they have gas for it all anyway.

How is it that the market cannot absorb the CONTRACTED LNG supply? Seems odd doesnt it. I mean, having a contract for 20 years? Are you saying they are worried about oversupply in 2034?

I think there will be consolidation as well. I like the options you have proposed. I think one of the biggest challenges would be establishing which tech is best value for money - big impact on construction logistics.



ESG are moving along pretty well.
I hope so!
Hope is all we have.
Well, maybe some shares in ESG as well.
And I guess we also have you gracing us each day and insulting myself and others by asserting we post 'baseless-ly'.

If we post baselessly, I guess we can take it as a FACT that there is a takeover loaded in the pipeline at your specially determined VWAP + 30%. This should help pump the price higher, but ultimately would be unsuccessful.




Getting partners with final customers is critical and difficult to do.
Nihonjins from Nihon. Easy.

There seems no doubt that STO would maintain its investment in ESG contributing to the JV costs and taking part in CRs.
No doubt. Alas db, not I. But I think Santos is also an interested seller.



While we all chant the chance of takeover or for some the inevitability of a takeover by STO or some other-bidders an obvious takeover often takes a longer time to eventuate than you would expect. Most takeovers happen when you least expect them. The fact that ESG has a large resource base makes it attractive.
I discourage discussion on takeover prospects - guilty of breaking my own rules I know! ESGs value is in going it alone. At least if they werent in a threatened position we could get some bloody info on what is happening out there.




My takeover expectation is after the hump of GLNG is out of the way , say 2012-13 unless ESG provokes STO in a way inconsistent with the STO strategy or one of the other-bidders has a go at ESG.
That makes no sense. Why would STO want to launch a takeover in 2012 2013. Are you accusing Santos of being liars about their intention to FID GLNG#2 in 2011?





- Coal Seam Gas without Associated Water has been discovered
For quite some time. where were you? Was it not on your HUD?


- The BR crew have gone very quiet and some have become highly frustrated
Patience is a virtue.
Frustration is not an option.
Selling is.
Value is there.
And its not going anywhere.


.....because neither is Santos until they announce their mysterious source of the some 2500+PJ of gas they are missing.



Pip pip cheerio.


SF