annual report, page-31

You guys are dreaming if you think the IER is not going to support the board's recommendation. Remember, this is 1. done on information provided by the company and 2. In order for this deal to fail is to deem it both Unfair and Unreasonable,

so while the price point may be "unfair", given the current existing climate - weather, anti csg etc that ESG is banging on about in everything they make public, the offer is NOT unreasonable given you, the shareholders, still get exposure to the value of the tenemants through scrip in santos, AS well as the "safety" of a producer with a lot more exposure that can bear the brunt of negative csg sentiments, etc etc etc.

thats the story and theIER stickin to it.