a) see above is your inability to do times tables b) the value of the ground is not currently proven. We have all seen the geology and believe but it’s Highly prospective but still exploratory. When Origin get flows right next door that starts to change very quickly and I would be surprised if Santos don’t already have a idea of what they are prepared to pay.
And I would add
c) Waiting for a takeover is the worst investment strategy on earth, you have to be adding and demonstrating value to entice a bid and the best way to do that here is to prove up the resource and try to become part of the inevitable consolidation at a much higher value than now
EEG Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
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