STO 1.83% $7.81 santos limited

Ann: Second Quarter Activities Report-STO.AX, page-28

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    I don't believe "indefinitely" in the literal sense

    Commodity cycles have in the past had low periods of many years

    Can santos survive if "many" is 5 years or more

    How many years of low prices will result in oil company capitulation from hope to acceptance of low prices for longer

    Remember the "stronger for longer" mantra of the boom times

    Implicit in that booster statement was still acceptance of the reality of commodity cycles

    Resource companies know this so I would ask what risk management planning is santos undertaking?
 
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