my view, from exile, page-9

DB

What make you the protector of all ESG investors? We are big boys and girls and can think for ourselves thanks!

When STO bought into ESG at $1.00 2 years ago DK said that they could look at swaps. That's what they are talking about doing isn't it .. a swap of ESG gas for domestic supply for Copper basin gas into GLNG (because it has a higher carbon intensity and will benefit from the 50% discount for LNG with regard to the carbon tax).

If I was studying management 101 I reckon I could put together a reasonable argument and a negotiating position whereby the value of ESG's gas is higher than current dom gas and in fact should be valued towards LNG parity because this swap is for LNG supply and because domestic and power gen gas prices will inevitably rise towards LNG prices. And Casey has been in this game all his career and know the industry and where its going a lot better than you or I. And he's qualified to certify as is Lansom. Do you really think they are going to argue DOWN the price of their gas that should be factored into the IER?? Come on DB get real.

I posted on the detail of the SID .. did you read that? Seems to me that ESG could still sign an off-take deal at LNG prices ... because that would be a superior transaction to the STO offer. What would you say then?

H