what if..., page-19

Buddy,

I can prognosticate as much as the others can but I constrain myself, as you do, to the evidence available

BPT as a minestrone is sure a better description

I have said that I reckon ESG as a takeover target could achieve $1-$1.50 ps. I cant see how that can be a DR as it is rationally based on previous takeover premiums and the 1mth VWAP. The higher ESG management can get our VWAP up, with a good news flow, the better if a takeover ever comes our way.

Noted that STO is issuing more Euro Notes - there is a good demand for sure from the low interest rate countries.
I hope they are hedging the A$ risk with all this Euro exposure.


This from page 48 of their Euro prospectus released today:-

Quote

Santos took the next major step in its CSG strategy when it acquired significant additional acreage in the Gunnedah Basin of New South Wales and invested in leading local CSG Company Eastern Star Gas. Santos and Eastern Stars total combined area of petroleum permits in the Gunnedah Basin in about 45,000 square kilometres.

Unquote

The "next major step" is the key phrase - not just an opportunistic lock-up purchase but a recognition of the great potential of the basin and ESG's pioneering efforts.


That prospectus is interesting reading , not too long - just avoid the legalese.


Cheers