Ann: Santos announces sustainable dividend policy, page-30

"anyway the divs will take me years to match the $7 harbor offer if the share price stays around this level the only way i be happy if the share price goes over $7"

Thanks for your rough calcs, at the very least they give us a starting point for future EBITDA estimates should Brent POO stay around its current A$105.

However I do wish you'd stop your repeated reference to that highly conditional $7 offer which I don't believe was seriously considered by the Board as it was obviously such a ridiculously constrictive and restrictive offer to STO that it was never going to realistically be presentable to shareholders to vote on as an option.

In fact I think providing that hedged $7 option may have even damaged their proposal and possibly highlighted to the Board the risks ahead in accepting the $6.95 during the overall proposal process.

The $6.95 proposal was the real offer and that bid of course would've also required FIRB approval.
As it has turned out, that US$ offer would currently be worth more than A$7 anyway if it was being voted on now.