media coverage on nsw and csg, page-19

Alley,

90cents cash does not sweeten the deal for the original bidder. 90cents cash is welcome by an alternate bidder only.

IF Santos were successful in the SOA and the share price rose say $3 in the short term to $16, this still represents an underwhelming return on our the focussed ESG assets we originally invested in.

Mathematics and ratio calculations are easy enough for us all to do.

90 cents ESG to $1.80 (a 2 Billion dollar company as represented by D.C in the past) meets ESG investor expectations.

SANTOS @ say optimistically $14 would need to rise to $28 for us ESG investors to acquire the same return. Now, can anyone tell me SANTOS have a good chance of doubling there share price anytime soon?

Remember also, SANTOS as a blue chip is often priced as a ratio to its dividend which at the moment is squeezed low due to GLNG etc...

First gas at 2015 ?? Gosh boys, that's a loooooooong time!!

Sorry, I know we are all attempting to have nice big warm hugs but I expect an increase at least 50cents PJ as a ratio of the reserves upgrade in the coming IER!

A recent independent report rated CSG companies be worth 60cents so 50cents is already at a 10 cent discount.

Bring on the reserves upgrade and bring on a sensible reserves increase otherwise, an alternate suitor may be willing to pay fair value.

Future SANTOS upside doesn't interest me and is merely a "dangle the carrot" tactic.