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 > Anyone talk to management...

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Comment by larsen6on Dec 03, 2012 5:08pm

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Post# 20677469

RE: RE: RE: RE: Anyone talk to management...

Hi Supra:

If Spartan had closed today at $4.35, then it would have closed at the par price for the deal. But it closed at $4.59, a 24 cent premium to $4.35. This means that people are still willing to pay more for Spartan, which might indicate that a sweeter offer is in the works, or perhaps a competitive buyer is sniffing around.

As we get closer to the closing date, if no alternative offer emerges, this premium will narrow, and Spartan will trade based solely on the Pinecrest price.

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