Interesting lunchtime discussion points... If the merger...

Interesting lunchtime discussion points...

If the merger succeeds I offer these comments.

-Yes maybe now Santos won't need to farm out Dorado. Effectively it is sharing the risk with OSH.
-This will then prevent us getting an insight into market valuation of this asset from CVN perspective unless Mergco (STO/OSH) wishes to divest further.
- Or as you state another player has an eye for CVN. If that occurred it would not necessarily be a takeover. It could be for a portion of our holdings (ie Bedout) leaving us to develop other leases.
-The point about WPL selling equity in Pluto.... Could Mergco (STO/OSH) do a deal? Share of Pluto for Share of Dorado development. Note also that Scarborough gas is lean ours is rich. A blend of our gas into KGP/Pluto plants would help LPG /condy capacity to be utilised fully. It could be a good fit.
-The current merger activity (in Aus anyway STO, STX) does help counter the "end of oil investment" sentiment.