Santos Ltd T.STO

Primary Symbol: STOSF

Energy Oil & Gas Integrated

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 > Buying Opportunity or Not?

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Comment by nijinsky70on Dec 02, 2012 1:25pm

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Post# 20672197

RE: RE: RE: RE: RE: Buying Opportunity or Not?

For the record I own both STO and PRY, lot more PRY though. My feeling on this deal is kind of neutral. PRY is not going to unilaterally increase the conversion rate unless it knows a). the STO shareholders will reject the offer, or b). unless a competing bid surfaces.

Any discussion on the "true" value of STO is purely "academic".

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