RC could only take what he believed was the best deal they could negotiate and considering our predicament, i.e. leases due for renewal, no money to drill, etc he has in my mind done ok.
We have more land that we can ever develop in any of our lifetimes, so getting what he can from Santos puts US in a better negotiation position for the next deal. It also allows us to develop our own field and possibly use Santo;s infrastructure to get it to market. All in all probably the best outcome possible. If you think we sold the farm to Santos for nothing, then please let me know what other options were available to us.
predictions for today?, page-69
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