Santos spells out its plans - big on Dorado, page-190

Retired123,

This was your post.... https://hotcopper.com.au/posts/40341031/single

Any way, I think its time to move the discussion away from trying to drill Buffalo, at 100% risk. Taking 100% risk is unheard of, in modern day offshore drilling. Even the biggest Australian O&G companies like WPL, would try to minimize their risks by farming it out.

In any case, the company have already spoken at the AGM and via the December newsletter, and they have indicated our primary focus is on Dorado and Dorado look-alike structures. They believe this is the best way to utilize our limited resources ($). Buffalo will be farmed out to minimized our risks and preserved our Balance Sheet.

And they are in the best position to decide.

Lets leave it to them.

For now, we should all celebrate that the SP of CVN have stopped falling.

Fingers crossed that we will have many positive days ahead.