Santos spells out its plans - big on Dorado, page-184

Retired,

I like the “potential” of Buffalo, but in investing one in the hand is worth many still in the bush, and Dorado is there, going into FEED. Don’t worry that production is a few years away, as getting to FID will be a very solid step along the way, and typically solidifies a lot of the value - as Gallagher noted recently. FID in 2021, exciting sister chasing in 2021 if not 2020. Not too long to wait imho.

I personally believe CVN has got to the size and strength that it doesn’t have to be one at the detriment to the other. But I sure recognise that AC has 10 or 100 times the information and skills at his disposal than any of us here has (perhaps Ya excluded), to make the right decision.

EL