Agree Pac, still worth revisiting these articles from earlier this year...
disallowed/business/the-economy/who-are-the-next-oil-and-gas-m-and-a-targets-20180206-p4yzia.html
https://uk.reuters.com/article/uk-australia-gas-m-a-analysis/all-about-the-gas-australia-primed-for-more-ma-idUKKBN1JK17A
I don't think it would be Santos as they seem to have their hands full with Quardrant and returning to dividends. Also think they are teaming up with Shell for more drilling in the Surat.
https://www.theaustralian.com.au/business/mining-energy/santos-and-shell-team-up-for-gas-search-in-queenslands-surat-and-bowen-basins/news-story/ba6c1481606d9ad0e8407522d731fb8f
More likely an offshore suitor, like what happened with AWE. Anyway 2019 might be the year ; )
Regardless SXY is a pretty good growth story, reason I continue to hold.