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.

OTCPK:STOSF - Post by User

Santos Ltd

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Comment by pete7u9on Dec 15, 2007 8:47pm

166 Views

Post# 14027318

RE: A history lesson

The Lelyaky field was discovered in 1964, and production commenced there
in 1966. It is a large light oil field that has a production drive mechanism
from an underlying aquifer. A reported 386 million barrels of oil ("MMBL") have
been produced from the Lelyaky field. Current production is approximately 670
barrels of oil per day ("BOPD") from the 35 wells still producing out of a total
of 173 wells drilled.

In May 1996, Kashtan received a license granting it the exclusive right
for twenty years to develop and produce oil and gas from a 67 square kilometer
("km2") portion of the Lelyaky field and the exclusive right for five years to
engage in exploration activities in 327 km2 surrounding the production area.

Fountan Oil
FORM 10-K FOR YEAR ENDING 12/31/96

386,000,000 barrels of oil in 30 years -
(386,000,000,000 / 30) / 365 = 35,000 b/d avg. over 30 years.

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