I like this deal, Mitchell will be keen to replicate the Molopo story and shale gas is relatively "hot" at the moment as shown by BHP investments. This proposed deal makes a lot more sense than some of the previous mooted mergers acquistions etc.
A question, prior drilling by ESG indicates a continuation of some of their coal seam gas areas into OIP leases. Will Santos allow these to be lost or are they of little value??