STO 2.63% $7.02 santos limited

Ann: MAY: Beehive (WA-488-P) Agreement with Total and Santos, page-5

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  1. 6,312 Posts.
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    Thanks @Ya ... it helps me and I'm sure many others here.

    As I read the farmin, STO/TOT are partners ... so 40% each or have you read something else that STO goes for 80% interest and later farms to TOT?

    I take your point on the JUR and TVD (although JUR can go to like 25,000 can they not). Given current OSD pricing might get well done for cheaper than $20M.

    At $12.5M for 50% of 2013 est of $25M, seems a cheap roll ... esp if something like Tengiz is a possibility.

    Were you ever in MEO and was Beehive ever of interest. I mean I wonder why its taken this long to get some partners to farm in - could it just be that OSD assets were being exited by so many E&P in the past couple of years?
 
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