Santos today announced the execution of a farm-in agreement in the McArthur Basin prospective shale gas and oil resource in the Northern Territory.
The farm-in agreement with Tamboran Resources Pty Ltd provides for Santos to earn up to 75% in Exploration Permits 161, 162 and 189 and 299 (A), covering approximately 25,000 square kilometres. Santos has also agreed to acquire a 14% interest in Tamboran for $10 million.
Santos Vice President Western Australia and Northern Territory John Anderson said the permits offered great potential, not only in terms of gas but also liquids.
To view full details of the announcement, please click on the following link:
http://www.santos.com/library/121212_Santos_farms-in_to_onshore_McArthur_Basin_in_the_Northern_Territory.pdf
Regards,
Santos
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Santos Limited
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CODE : STO.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Santos is a oil exploration company based in Australia. Santos is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 14.8 billions as of today (US$ 10.1 billions, € 9.1 billions). Its stock quote reached its highest recent level on March 08, 2013 at AU$ 9.98, and its lowest recent point on September 19, 2024 at AU$ 7.09. Santos has 2 082 909 952 shares outstanding. |