where will we end up today?, page-11

Santos has only a couple of events To get it out of the ESG SOA :-

1.ACCC (a government Agency) saying the STO move is anti-competitive

2.NSW State Govt messing with the PEL238 Licence conditions that would effectively lower ESG's reserves by 5%


There are no Market conditions specified

The ESG sp has started to decouple from the STO bid ratio

Market overall looks to be going sub 4000

If it passes 4000 it may try to retest the lows of 2009

We should all Hope it can hold above 4000


Cheers