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 > More on Oberndorf

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Comment by terroiron Dec 14, 2012 10:36am

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Post# 20730515

RE: RE: More on Oberndorf

The agreement with Bonterra is almost exactly the same in conditions as the Pinecrest agreement. $12.5 million to cancel in certain circumstances.

Share price is starting to react, but I would have expected more gap on the Bonterra action, given that one consequence would be Bonterra increasing the ratio of share for share. It has been opinioned that they can do that while being accretive to Bonterrs to about $5.40.

Terr

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