Yeah- could be interesting that!- big call from NY on Woodside taking out Santos.
Here's some dialogue I managed to find from a conversation a while back (** disclaimer- of course this didn't happen) Kevin Gallagher- Santos CEO: "Ah...g'day Neil- thanks for calling- how's tricks?- ready to come back to Santos yet?"
Neil Young- Elixir Energy - "Nah mate- doing my own thing is grouse- besides, you could never pay me what I potentially could make with EXR"
KG: Fair nuff mate- anyway- how can I help?
NY: So Kev- as you know, we nabbed ATP 2044 and we're going at it hard....any interest in partnering with us? KG: Sure mate- we're keen on the Taroom...we're ramping up, Shell are too, but what have you got?
NY: 395bcf to start with- we're gonna do an appraisal and see how much of the 1.7tcf prospective GIP we have- oh and by the way, might have 200mill+ barrels of condensate- oh and we might actually have more gas trapped in place than originally thought- we're getting ALS our to examine some coal samples. KG: Mateeeeee... sounds great- we were slow chasing up those Energy Capture guys- onya for being so agile- you know how slow we can be.
NY: yeah mate- best thing is too that we've got this new innovative technique- the Feds are gonna fund 48.5% of the drill, and it's a vertical drill- not an exccey horizontal well.
KG: Serious?- mate that's interesting....if you go good, that'll potentially change the game initially accessing those deep coals. Tell ya what- let's not partner up yet- no real point until you appraise and see what you've really got- but in the meantime, how's bout we do a Data Sharing agreement?- You can look at the data on our block North of youse, and we can look at your's ....show me yours and I'll show you mine!!!
NY: Maate- sounds like a plan eh!- so much we can get from your guys, that would be bonza.
KG: Plus....we're Johnny on the spot seeing what you've got and how you're doing things - and in parallel we're doing some informal DD on Grandis and who knows mate- we might partner up with youse if you appraise well - or Mateeee.....MATEEEEE- we might even buy you out eh!
NY: Mate- sounds great- but it's gonna cost you eh- just missed a call from Shell. Laters Kev.
EXR Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
