On the news today;Santos trading boom reheats takeover talk...

On the news today;

Santos trading boom reheats takeover talk
Source: Click here
by: MATT CHAMBERS and JOHN DURIE
From: The Australian
July 12, 2013 12:00AM

STRONG trading in Santos shares has renewed speculation the gas company is in the sights of US oil majors Chevron or ExxonMobil, who are becoming increasingly focused on the region's gas resources.

Adelaide-based Santos has been seen as a potential target for one of the majors keen to tap the company's gas resources since a 15 per cent shareholder cap was removed in 2007 but suitors have so far not emerged.
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Now, these are two of the three biggest O&G companies of the world. The other biggest is Conoco which is our JV partner.

I told you on one of my other posts this week, gas is now being the most important commodity together with oil in the 21st century. Therefore the big O&G companies of Australia will be all taken over by the world majors. Santos is now going. Then it's the turn for Woodside, maybe in next year. It will be hard because WA government will put a lot of pressure about it.

But the strategic analysis show that there will be more consolidation on our O&G market as Australia has a strategic location in the Asia-Pasific with very big gas resources.

The North West Shelf (offshore) has world class resources which will make Australia the biggest exporter of gas soon. We also have another very promising offshore basin, Bight Basin in SA. The exploration program is under the way. It might bring as much gas and oil resources on top the existing resources of WA and OLD,.. no one knows the potantial atm.

But, the Canning might the biggest of all. We'll this in a few years.