Santos Ord Shs T.STO

Primary Symbol: STOSF

Energy Oil & Gas E&P

Santos Limited is focused on three regional business unit, including Cooper Basin, Queensland and New South Wales (NSW) and (PNG), now form the Eastern Australia and PNG Business Unit, Northern Australia and Timor-Leste, and Western Australia now form the Western Australia, Northern Australia and Timor-Leste Business Unit and Alaska is the third regional Business Unit. Supporting these three business units are two functional divisions: Santos Energy Solutions and Upstream Gas and Liquids. The Cooper Basin produces natural gas, gas liquids and crude oil. Gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. Its GLNG project in Queensland produces liquefied natural gas (LNG) for export to global markets from the LNG plant at Gladstone and is also sold to the domestic market. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project.

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Santos Ord Shs > Conversion to BNE

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Comment by nijinsky70on Feb 05, 2013 12:11pm

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Post# 20940662

RE: Conversion to BNE

Hate to answer your own question, but I found out this morning my STO shares have been converted to BNE shares. I assume the fraction of 1 share (4/10 share) due to rounding will be paid in cash.

This should close all our books on STO. I just learnt that BNE has a very low institutional holder rate - just 11.2%. That makes it a small retail stock held by widows and orphans only LOL.

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