if sto aren't "acquisitive', what's the plan?

Quite a few on here are allergic to the T word. Fair enough.

So let's instead turn the whole issue around, and look at it from a different perspective.

Q: What Santos have achieved in the last 6 months via their investment in ESG?

- A contingent liability to HGO
- A 18.5% paper loss
- Not a single commercial agreement between ESG and GLNG

But, Santos will have gained some technical knowledge that may be applicable to their own Gunnedah holdings. (Actually, what they HAVE learned is that ESG's assets are better than their's in the Surat!)


So if Santos have no 'acquisitive intentions', what IS their intention?

Because, Santos have not made similar 'passive' investments in other companies to this tune.

If their intention is NOT to acquire ESG, and they don't have a majority stake in either ESG or PEL 238, where are the deals that are beneficial to Santos shareholders?

How do these two minority holdings forward Santos' goals?

Because, to date, Santos have got very little from the deal. If I were a shareholder in Santos, I would be asking David Knox:

"After the failure of acquiring QGC, and having spent half a billion dollars (plus liability) on ESG and PEL 238, what have we got out of the deal? Because, we haven't seen it yet!"


So, for those of you who don't think ESG is going up the food chain, and if you think Santos has no further intentions, I would love to hear the alternative.

Outline Santos' 'non-takeover vision' for me.

Y