locking up esg scrip, page-4

in case it hasnt been noted, santos has increased their stake to 20%

I believe this was the cause of the 7% rise which we saw sometime ago.

"Santos's latest annual report, released at the end of March, shows the Adelaide-based oil and gas producer boosted its stake to 20.97 per cent, up from the 19.99 per cent it acquired in July 2009."

"An Eastern Star Gas placement to institutional investors in August last year would have diluted Santos, so it would have had to buy more than 1 per cent of Eastern Star to get to 20.97 per cent"

Still waiting on this reserve upgrade. A review of the last BPT presentation regarding gas on the east coast, shows just how big this reserve is. But talk about slow!!! taking way too long!