Not happy with the current SP, are we!! Just a few weeks back we...

Not happy with the current SP, are we!!

Just a few weeks back we were sitting at 66c & the steady rise to 96c has been based on few key triggers:

1) Investor roadshows by DC
2) APLNG gas sales deal with QGC (late Feb)
3) Bid by RDS-PTR for Arrow Energy
4) BG-CNOOC LNG deal
5) Rumours by AFR about WPL stalking STO (which was denied by Donny & Knoxy)
6) STO selling its Evans Shoals assets to Magellan
7) AFR article by Blind Freddy abt ESG been targetted by STO-Petronas.
8) Every man & his 4 legged friend in Martin Place heralding ESG as the next cab off the rank & recommending it to their clients/mates etc.

Hence the rationale for the rise to current levels, apart frm the fundamentals such as the multi-lateral well flowing 2 mmcfd+ plus dewatering in progress & the usual CSG gamut (irrespective of their 2P/3P/2C/3C reserves).