Nervous,Again Bravo Zulu for you on the MediaThe Shareholders...

Nervous,

Again Bravo Zulu for you on the Media

The Shareholders Assn might also be fruitful as they dont like Unfairness

You have this notion of an "instant rollover" by the Board

That ABC Audio is an admission by STO that discussions had been ongoing for months

The ESG Board agreed with the STO Bid

The ESG Board in the absence of any other bid likely or other recourse in the best interests of shareholders concluded that at this stage the STO bid was the best around and the SOA process a fair one in their view for small shareholders to express their Agreement or NOT

The SOA is a fragile forum with >50% of the the Voting shareholders having to agree. It is not a done deal

If it is voted down then what will happen to the ESG sp ?

An obvious Risk that will be Belled before the SOA - that interest in ESG by other parties seems to be Low so the STO offer is all that is concrete and available to holders

If the Opportunity is "Ridiculous" in the sense that it is obvious to anyone then the Other-Bidders must be mustering at the ESG's Gate

You might be right - last week was the absorption of the Carbon Tax Boondoggle , this week was the first bid by STO , next week might see the Other-Bidders getting their bank loans sorted to make a bid to knock off the Santos the Unloved one.

Maybe the ACCC could block STO for having a developing monopoly position in NSW domgas

Also ASX and ASIC

Still a long road ahead


Cheers

We are Santos
We are not dills
From the Cooper to the Gunnedah the Browse and more
We drill drill drill
We find the gas wherever it lies
In the Stone or in the Coal we dont mind
We have the Energy
We gave the Will
We will succeed when others wilt
A Star to follow we did find
We have their Energy