MEL 20.0% 0.4¢ metgasco ltd

Can someone explain why Santos would buy 20% of ESG when for...

  1. 534 Posts.
    Can someone explain why Santos would buy 20% of ESG when for less money they could have bought 100% of MEL? It suggests that they saw better value in ESG, despite the claim that MEL has similar gas reserves.
 
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