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

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Post by splurgeon Dec 11, 2012 9:00pm

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Post# 20716486

THe Next Move!

Since STO board and management have not locked in their shares with Bonterra I would presume thier fuduciary responsibility will be to obtain the best price for STO shareholders. This was an unsolicited bid ,so they must hire an advisor and look for any other interested parties even those willing to pay cash!. To readily accept this latest offer for shares in a company they did not originally wish to deal with would not be prudent. They should have a press release to this effect that they will try and maximize value for shareholders. While Bonterra is not a terrible company, in my judgement STO has racked up a better set of metrics. This may not be over just yet. What do you think?

cheers

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