santos appears to have supply problems, page-5

MLA/Holy

Interesting post but perhaps a bit too simplistic in its assumptions. Yes I agree that ESG's gas is attractive (and MEL's if they have it) and that STO and others like BG will be short of gas. But deals have already been done whereby one major supplies to another's LNG plant (I recall ORG doing a deal with BG I think). So collaboration of this sort or even consolidation of projects could also ensure that 3 or 4 or even 5 traisn are built at Curtis Island.

On MEL .. I agree with another poster here a day or so back who said they don't like to "bet" on the results of a single well (Kingfisher). I made that mistake many years ago with Hardman Resource's second well off Mauritania .. very exciting stuff but when the well was a duster it pretty nearly killed me! By contrast I have to say that after nearly 4 years involvement with the VERY slow progress in the CSG industry and ESG's progress in particular .. it's pretty nearly killing me as well .. through boredom. LOL

H