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 repairguyon Apr 03, 2009 6:15pm

289 Views

Post# 15895824

RE: Bankruptcy Possible - Volume = insiders fendin

Ferrari355
Why would an insider do all this buying if the company is on the verge of bankrupcty as your informed source is implying? If it is Zenon he will file almost immediately, so we should know in 2 business days. Could it have been one investor or hedge fund that was doing all the selling through RBC (2-3 million shares over the last 2 weeks) and that some traders knew the stock was under valued at 3 cents and took the stock for a ride?
Who are these majors that you say are interested in this company and what lacklustre drilling results are you talking about? The last results Jan 5th stated average gross from the Lelyaki 307 well was 284 barrels net 128 to Shelton. Shelton's production was now 400+ from Lelyaki field. Net W/C has improved from $2.1mm in June to $2.8mm as at Sept 30th. Do you have any new numbers that have not been made public?
Are you basing your comments on facts or just waffling?

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