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 pete7u9on Dec 13, 2007 8:41pm

150 Views

Post# 14018299

RE: 142 boe/d net to Shelton

Shelton's new well beats any of Kroes' Lelyaki wells at least as of 8/31/04 -

However, in August well 187b was tested at
approximately 220 barrels per day (100 barrels per day net to Kroes) and will
begin commercial production shortly. In addition, two more development wells
will be drilled in the last half of this year.
Kroes President Fred Callaway said "initial production from well 187b is
the best result the joint venture has had in the Lelyaki field to date and is
very encouraging." (Kroes Energy 8/31/04 press release)

https://www.cnxmarketlink.ca/en/releases/archive/August2004/31/c5486.html

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