IMHO - BG is now out of the game... Its all about Seven Group,...

IMHO - BG is now out of the game...

Its all about Seven Group, BPT and whether Santos will allow BPT to get bigger.

Sightly off topic - only just had a read of Santos Quarterly presentation.

DLS is in the box seat for wet gas and deep coal with their acreage, with the added advantage of Santos being their partner in both area's and also having free carry's on both areas. Almost like DLS knew where the most prospective tenements were.

Santos cannot be any clearer as to where they believe they are going to find more gas, and arguably more importantly, liquids rich gas (Both the circled areas on the left are DLS acreage). From memory, DLS estimates there is 10TCF in unconventional gas just in their Northern PEL 101 & PEL 570 acreage.


  
Patchawarra trough is highly prospective in all of DLS J/V Santos acreage. Especially important when other areas and formations are proving to be very difficult to economically produce from... hint hint why Chevron walked.