asx, worst ceo & board goes to?

Feels like we've been sitting in the back seat, low and behold, we find out Mr Magoo has been driving.

Open briefing 25 May 2011

MD David Casey
"While we are progressing our LNG Newcastle project and are confident of success, it is not lost on us that the Queensland LNG industry is more advanced and has greater certainty, having enjoyed strong government support and with approvals in place. On the other hand, it is a greater distance from our Narrabri gas fields than Newcastle is, so the netback gas price we potentially achieve and, in turn return to shareholders, is lower. It is clear that the medium and long term demand for gas, both domestically and internationally, will be strong.
We continue to weigh up the risk-return equation as we evaluate options but all else being equal, there is presently a lower risk for gas sales made through Queensland but also a lower price. The LNG Newcastle Project is the stand-out development opportunity, not only for us but also for NSW."

Earlier in the same briefing.

"When it comes to marketing decisions, we won't rush. We have time available to undertake a careful and deliberate process that secures the best options. We will continue to consider other opportunities that are net present value attractive and of benefit to shareholders. Time will give greater clarity and confidence around matters including approvals, electricity market outlook, the need for new electricity generation and the nature of any future carbon regime. When we identify that the time is ripe to act, we are positioned to do so quickly."

"When it comes to marketing decisions we won?t rush."

Less than 2 months looks like a rush to me, why zero resistance from this Board?

Was Santos going to leave the country if ESG's board didn't agree?

Finished venting, well done to Nervous.