Santos Ltd 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 Ltd

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Comment by Edapuson Jul 26, 2007 6:41pm

273 Views

Post# 13157870

RE: ASK @ .54

I think the Kroess deal is almost done. When it is we will have 250 bbls/day of 43 degree oil and oil at $75, not bad for starters. Once they book their revenue they can do another financing to drill out the oil field and continue to add production. Once that is done they can re-enter the two shut in gas wells that produced 2.5 miilion cubic feet per day EACH. I believe the wait is almost over. ed

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