Ann: VPE: Vicpet increase its interest in Impress, page-4

re: Ann: VPE: Vicpet increase its interest in... I don't think Santos will come in and be interested in a small player like Impress.

Santos is struggling to have sufficient funds for their Gladstone project, which resulted in selling some stake in the Gladstone LNG project to French company "Total". Thus a full takeover of ESG is not on the cards yet.

So jumping into ITC is unlikely by STO. Only BPT and VPE, but clearly BPT can outedge VPE in terms of $$$ as they have over $200m in cash in the bank. But BPT isn't a player well known to be generous in takeover premiums. Last year's failed takeover of DLS is the best example.