Ann: Response to Media Coverage - Non Binding Indicative Proposal, page-98

sorry if this is a repeat for you as I posted this over on the STX thread earlier today....

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would like to highlight 2 important details about the Santos GSA:

1) The contract with Santos is for 5 years......with upside reserves TPD is saying Walyering could go for 18 years (assuming 27TJ/Day avg production)

2) The price paid by Santos is in $USD (not $AUD) and linked to escalation in US CPI....so not all price upside is lost by any means!







Think it's logical to assume the resources (production) beyond the Santos contract are the prize that STX is after!

I hold both TPD & STX!

HC