Santos and Oil Search are merging and reported to have worth of...

Santos and Oil Search are merging and reported to have worth of ~$16 billion. Their interest lies in becoming very big in LPG. Reading between the lines one notices that Santos has placed itself in the immediate area of Armours' NT gas discoveries (fields) and leads one to surmise that the Santos/Oil Search consortium will be a major contributor to the McArthur IPO, and perhaps a complete takeover. That Armour has solid connections to Santos is a given and my assumption is that the de-merger has more to it than meets this old farmers eye.