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 > Plot thickens

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Comment by terroiron Dec 14, 2012 10:07am

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Post# 20730293

RE: RE: RE: Plot thickens

Interesting that the news has not moved the market for STO shares.

If you want a speculation (for which I am usually wrong): Oberndorf bought personally in his family trust/IRA account for $40 million or there abouts. The guerrilla in the room is SPO. They can easily afford majority control on a cash basis.

Are you buying at this price?

Terr

PS The wager offer still stands (conditional on Bonterra stock price)

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