be careful when building the no vote

i think you are being a little premature in marketing the say no group - what happens if the reserves upgrade is a dud or continuing evironmental concerns on a signiciant basis.

if you scare santos and they walk away we will collaspe.

BOW was trading higher, there are other alternatives.

i do think it is unlikely but as i have stressed before if ESG is the goods, then it will not get taken at this price and you can worry once the reserves upgrade is out and IER.