?X Under the transaction, Santos acquires (net of on-sale to...

?X Under the transaction, Santos acquires (net of on-sale to TRUenergy):
- 684 PJ net 2P reserves
- 1,259 PJ net 3P reserves
?X Santos?? net 3P reserves in Gunnedah increase by 128% to 2,238PJ
?X Attractive acquisition price of A$0.50 per GJ of 3P reserves

Previously (Nov10) COI:
COI permits cover 13,028 km2of the northern Gunnedah Basin
>PEL 427 (COI 25%)
>PEL 428 (COI 20%)
>Both permits are operated by Eastern Star Gas, and are located immediately north and west of ESG??s Narrabri Gas Project in PEL 238
>Significant consolidation has occurred in the Gunnedah Basin over recent years

Can some one figure out implications or COI?
This can't be bad news unless a boat has been missed.
Any views?