go to santos ffn preso on hotcopper, page-16

What this says to me is that Santos is increasingly confident that the Gunnedah Basin will have significant surplus gas.

I think if anything though it lessens the case for a Santos takeover of ESG. First, far from being the poor man of the CSG-LNG companies, Santos is starting to look like it's sitting on an embarrassment of riches, with the NSAI estimate of eventual Qld 2P in excess of 10TCF, 750BCF from the Cooper and 35% of the Gunnedah Reserves.

Second, DK wouldn't be talking about ESG if Santos was trying to keep the price down for an imminent takeover. We know he used to explicitly avoid mentioning ESG under any circumstances - maybe the fact he's now starting to mention it might indicate the takeover is off the cards.

Just my opinions, of course.

Interesting that Santos also just seem to have struck a 25% share of 2TCF on the NW Shelf with one well. That could be in excess of 500PJ net for Santos, not including condensates.

Good week for Foxy Knoxy, I'd say!