Additional info on 2P of Santos Joint Venture. From Beach recent reserve update, Delhi has about 59mmboe 2P.
That gives 300 mmboe for entire Santos Cooper Basin Joint Venture. Origin's share would be 13-15% of 300 mmboe.
Santos is also a gas trader and able to get higher price for their gas because of their ability to source gas from different sources. Will Santos give up its gas trading business?
DLS Price at posting:
50.5¢ Sentiment: Sell Disclosure: Held