I agree Mymom
STO is always going to be caught napping. It is almost arrogance, but actually stupidity, to be located in a backwater like Adelaide if you want to be in the mainstream oil business. By the the time STO hear of a potential deal everyone else has turned it down or it has gone already. Very mediocre management. I heard reliably a few years ago that the top job was turned down by dozens of people before the present guy accepted it. They are protected by Govt from take-over. This flies in the face of competition, encourages mediocraty, stifles innovation and probably violates the ASX rules or at least the spirit of any stock exchange rules.These people are losers and I am now out.
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