Aug 22 (Reuters) - Australian oil and gas firm Santos Ltd (STO) announced a $2.15 billion deal to buy privately held Quadrant Energy on Wednesday, bagging access to what may be the biggest oil field find off Western Australia in over two decades.
Sanots said the deal would be funded by cash and will not affect it dividend policy. The purchase will boost Santos' annual production by 32 percent, it said.
Earlier this month, Quadrant Energy and Carnarvon Petroleum (CVN) found an oil field off Western Australia which led to Carnarvon shares rocketing to a nine-year high after the announcement.
News: STO Australia's Santos to buy Quadrant Energy for $2.15 bln base price
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 104139 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
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| STO (ASX) Chart |
