STO 1.91% $6.95 santos limited

PSI, that is why its "interesting" ....... you may wish to...

  1. 3,607 Posts.
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    PSI,

    that is why its "interesting" .......

    you may wish to search Total's SEC filings .......

    also fyi:

    "
    Berhad (“Petronas”) announced their approval of the Gladstone LNG project (the “GLNG
    Project”) in Australia. The integrated GLNG Project consists of the development and production
    of coal bed methane, an unconventional natural gas, from the Fairview, Arcadia, Roma and Scotia
    fields located in the Bowen and Surat Basin in Queensland, eastern Australia, the construction of a
    420 kilometer gas transmission pipeline from the gas fields to Gladstone, Queensland as well as
    the construction of a liquefaction plant on Curtis Island, Queensland. The consortium commenced
    production operations in September 2015. The Company, pursuant to a purchase agreement it
    entered into in December 2010, acquired a 7.5% interest in the GLNG Project from each of Santos​
    and Petronas, for an aggregate 15% interest in the GLNG Project. In December 2010, the
    "
    Company also entered into an agreement with the other consortium members to offtake
    approximately 3.5 million metric tons of LNG per annum from the GLNG Project for a period of
    20 years beginning in 2015, and offtake commenced in October 2015. The Company had invested
    approximately U.S.$3.9 billion in the project as of March 31, 2016, and it plans to additionally​
    invest approximately U.S.$124 million in the remainder of 2016.



    http://infopub.sgx.com/FileOpen/870...ular 24.6.16.ashx?App=Prospectus&FileID=29333


    rgds

    V_H
 
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