The following is a copy of my email today to the company...

The following is a copy of my email today to the company secretary and I urge any other holders who are unhappy with the Dukas exploration plans to send an email to the company expressing your dissatisfaction:-

Dear Sirs,
I am a shareholder of over ten years across two accounts. I am writing to you to express my bitter disappointment regarding the latest advice in yesterday's announcement on the CY 2020 Exploration Programme specifically as it pertains to the Dukas well. It is now seven years since Santos first farmed in to our permits and it has taken an eternity to get to the stage of drilling an exploration well of any significant potential and to now discover that "Santos have indicated a potential return to Dukas in 2021" is really quite pathetic. I take the reference to potential return in 2021 to mean probably not before 2022. Clearly Santos has a lot on it's plate with the acquisition of both Quadrant Energy's assets last year and now Conoco Phillips ('CP') Australian interests and Dukas is not a priority for Santos. Exploration of the surrounding Dorado prospects and development of that find will be high on their agenda as will the new CP gas assets and a myriad of other assets they now hold.

It is simply not reasonable or in our best interests to have to wait until Santos is ready to give our assets some attention. Is Santos now placed in a position of a conflict of interest because it has other assets that could service the shortage of gas in the east coast of Australia? Furthermore, waiting until 2021 or 2022 to confirm whether we have very substantial gas resources in and around Dukas that could service the east coast may mean that we miss out on this market by the time that they can be appraised and developed in time to gain the maximum benefit. In these circumstances, I believe that the company needs to reconsider the Santos farmin and if necessary find a way out so that we can proceed in a timely way rather than being locked into inactivity on these potentially company making prospects. If necessary, I would be happy to support a capital raising that is specifically targeted for further drilling of the Dukas and look alike prospects.

Yours Faithfully

ANZ