re: cooper basin farm out to santos
Although a different kettle of fish, look what happened to CIG's SP after its announcement re: Santos farm-in. I think once the market appreciates the DLS Santos move, and the SPP is finally over, I suspect DLS's SP will also re-rate upwards.
DLS has some catching up to do, and at long last, some positive PR and progress appears to be on the cards. Unless Santos are mugs, they must have confidence in DLS, so who knows, they may also farm-in to Marina later on down the track.
At the moment, if DLS is good enough for Santos, then why not also the OIL punters. I suspect this fact will waken the market shortly, and hopefully boost DLS's SP for the better.
Mensa.
DLS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
