I have to say,(even though it hurts) that Santos has played this...

I have to say,(even though it hurts) that Santos has played this offer for ESG very well. They have been extremely patient and with a low offer look as if they may succeed.
Santos will achieve a top class prospect at a price that most of us investors would indicate is low ball, but I wonder if the proposed acquisition of Santos now puts them into play from a much bigger suitor.
If the ESG prospect is as good as we all thought, Santos will now have enough gas for all of its proposed trains and more, and having True Energy paying for a proportion of the deal and the gas is in my mind brilliant negotiating, talk about a bargain!!!
Santos have won in a big way but does that now put them into play...They look a very nice target for some of the big players in the energy game.