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Santos Ltd T.STO


Primary Symbol: STOSF

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

Bullboard Posts
Post by 1bearon Jul 18, 2006 10:46am
195 Views
Post# 11097513

Too many questions.

Too many questions.I think there is much more to be told yet about this drill hole. News releases can be used for misdirecting and I would like to understand why so much buying is happening when there was no indication at anytime that anybody was interested even at these prices when there was hope of a successful well. "We are obviously disappointed in the apparent lack of hydrocarbon saturation in the Lower Cretaceous however are encouraged by the quality and quantity of potential reservoir rock and will await final test results with interest. The drilling operation was done on time and on budget with excellent quality control by our operating partner Chernomorneftogaz. Test results for the Lower Cretaceous as well as the Maikop zone will be released as information is reported from the well. The Maikop zone as far my research has discovered is the only area that has produced gas in this region. So why so negative a release until the results are in for all zones.
Bullboard Posts