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 > Loss of Control for Pinecrest

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Comment by nijinsky70on Dec 11, 2012 4:03pm

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Post# 20715256

RE: RE: Loss of Control for Pinecrest

It's a reverse takeover if that happens. If they increase the ratio STO will be acquiring PRY instead. I think that's a deal breaker for the PRY/STO merger. PRY can throw in some cash (likely money they don't have) to maintain the same ratio in order to sweeten the deal to fan off BNE.

Who knows, I own both STO and PRY and right now I like the PRY deal better than the BNE deal. The PRY deal presents much more upside. BNE is a dead company to me.

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