wonder if santos will try and ditch this deal, now that p'nyang is looking like going into png lng and now that they need to look at asset sales, have already chopped discretionary capex and are now axing significant numbers of staff.
seems that if santos welsh on this deal, then NGE is kaput.
but if they pay, cash backing is 500% from here. bit of an all or nothing bet, and not one many would be willing to take in this environment.
guess we will all know in a few months' time
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