sorry if this is a repeat for you as I posted this over on the STX thread earlier today....
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would like to highlight 2 important details about the Santos GSA:
1) The contract with Santos is for 5 years......with upside reserves TPD is saying Walyering could go for 18 years (assuming 27TJ/Day avg production)
2) The price paid by Santos is in $USD (not $AUD) and linked to escalation in US CPI....so not all price upside is lost by any means!
![https://hotcopper.com.au/data/attachments/5456/5456266-d8583443d6d53e175804f0d56f5505fc.jpg](https://hotcopper.com.au/data/attachments/5456/5456266-d8583443d6d53e175804f0d56f5505fc.jpg)
![https://hotcopper.com.au/data/attachments/5456/5456271-e9adf4a86f19d3dab39a14c33231b256.jpg](https://hotcopper.com.au/data/attachments/5456/5456271-e9adf4a86f19d3dab39a14c33231b256.jpg)
Think it's logical to assume the resources (production) beyond the Santos contract are the prize that STX is after!
I hold both TPD & STX!
HC