senior appointment adds stature, page-6

Yaq

Option 2 is a distinct possibility. Particularly if we take what some analysts have suggested as a likely scenario whereby STO buys ESG then onsells the gas to its GLNG partners like Petronas and Total (or they may do a joint bid). This would also mean that Santos would not need to pump its share price as a cash bid would be more likely (with a large part of that cash outlay coming back from the JV partners).

Next week was the tip from a number of analysts .. Melbourne Cup day for an announcement of a Kogas deal.

If scenario 2 does not eventuate then scenario 2 remains a possibility.

H