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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.


OTCPK:STOSF - Post by User

Santos Ord Shs > Bonterra/Spartan Teleconference
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Comment by larsen6on Dec 18, 2012 1:24pm
163 Views
Post# 20746133

RE: RE: RE: Bonterra/Spartan Teleconference

RE: RE: RE: Bonterra/Spartan Teleconference

Something to think about is the increased pipeline capacity heading south.  Once that bottleneck abates in a couple of years, Spartan (or successor)  will start getting WTI pricing for that nice light Pembina oil.

 

If I heard correctly in the past couple of calls (Pinecrest/Spartan and Bonterra/Spartan), the current differential is about $14/bbl for light oil versus WTI.   So Sparatan is only getting about $70 - $72 for its oil at the Edmonton terminal today.

 

My current calculations do not include this potential price rise.  If you are a believer that the Cdn juniors will get better prices as time goes on, you may wish to adjust your NAV calculations as well.

 

L6

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