rbs morgans, page-28

I love it when an assumption is made (Santos taking out ESG for $1.30) and all calculations which follow make it all believable and sound.

Why not give us two scenario's, a low one ($1.30) and a high one (say $3.50 plus) and see if all is still fine for Santos.

To me Nick is prepping us little fish, to get used for a successful low ball offer from Santos. Who is he contracted by, I like to ask. Perhaps DB knows.

S