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 > Bonterra/Spartan Teleconferenc

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Comment by larsen6on Dec 19, 2012 2:44pm

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Post# 20751809

RE: RE: RE: RE: RE: Bonterra/Spartan Teleconferenc

Yes, I believe that the $14 was the average differential last quarter. Good reminder on the dailybulletin site. Had forgotten about it.

What I am keeping my eye on is to see if the price of Spartan starts to exceed the deal price relative to the price of Bonterra. If this starts to happen for even a few hours, then we can be pretty sure something else is coming down the line.

Larsen6

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