concept plan?, page-5

Jnash,

"objecting to the concept plan"? Really?

It is not that I doubt your word, but isn't this incrimininating in terms of Santos' strategy and intentions?

We have speculated that ESG has been trying to keep the game as open as possible by exploring non-Santos commercialisation plans. So the much-vaunted gas swaps, surely a big part of ESG's attraction to Santos, have not yet been MOUed. And no MOU means no 2C to 2P upgrade either.

If Santos is objecting, it must be because the concept plan involves non-Santos options. Santos would love that! :)

Well, that is what happens when you are the minority, non-operator! ESG has all the power. Santos is a minority shareholder, and a minority partner in PEL 238.

The plot thickens.

Y