Ann: CEO Succession, page-46

If it is true that DLS has appointed UBS and Goldman Sachs to act as advisers, this to me is in the right direction towards obtaining the best outcome for Drillsearch. My view is a carve up of oil and gas assets of Drillsearch will give a higher price outcome. Santos is the natural buyer for the gas assets as STO is the operator of the highly prospective PEL513/ PEL106A and PEL570. And Beach can buy the highly coveted oil producing PEL91 plus the gas producing PEL106B and PEL107 and also the inland/cook oil prospect. Once the bidders are lined up, it is hoped that a surprise bidder goes over the top to up the offer price.