Santos Ltd 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 Ltd > Comparison of Offers

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Comment by terroiron Dec 11, 2012 10:00am

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Post# 20712248

RE: Comparison of Offers

Daylight/Sinopec are discussed as the big fish circling these minnows feeding on each other.

Plays suggested are directly for Spartan at up to $5.60
Through a purchase of Bonterra at a premium after Pinecrest bows

What do I know compared to these guys who obviously have inside knowledge...but, I still like the play for Pinecrest at around $2.00 which ratchets the effective price for STO to $5.50 inside the Daylight/Sinopec value and too high for Bonterra.

Still hanging with shares of both Pinecrest and Spartan.

Terr

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