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 > No convincing reason

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Comment by terroiron Dec 11, 2012 7:51pm

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Post# 20716192

RE: RE: No convincing reason

Don't be too hard on Rick, I think they had a good cooperative and synergistic plan with PRY that would have allowed them to take two great plays to completion. They both got trumped by the market (shorts and others driving down the share price) then by Bonterra taking advantage of the vulnerabilities.

I will be out tomorrow, my true interest was to circle back on the "new" PRY and take some tax loss on the way. Worked out OK since by fortune I picked up over 100,000 SPA at about $4.45 last Friday, we will see what tomorrow will bring.

If any of you Spartan shareholders want to join the PRY parade, feel welcome.

It would've been a hoot.

Terr

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