santos may sell stake in gladstone, page-5

backsheesh and Yaq

Yes this is significant ... "growth prospects" now what could they mean by that .. LOL!

We should also remember that in recent presentations santos have talked about a second train and in fact up to 5 traisn at Gladstone. You would think they will need to get hold of some of the narrabri gas for that wouldn't you???

Fo fun I listened AGAIN to the interview with David Knox after they bought into ESG ... so full of superlatives about the quality and size of the GB resource. I know we want other bidders but I keep thinking he said many times they wanted to do it better than with QGC.. they wanted it to be collaborative. That says to me that they will only move at a time and price that has the ESG board'a approvel.

Exciting times!

H