after a bit of research and Dennis having connections with Santos,
I think this would be a perfect partner(s)
Santos last years average price per barrel $127..(half of that would be ok.)
SANTOS and/or DRILLSEARCH ????
'Drillsearch and Santos both know it: ''limited oil supply and growing demand mean oil prices are likely to rise over time''.
Santos
average crude oil price received year-on-year was flat at US$116 per barrel, but when converted to Aussie dollars that number jumped from $112 to $127 per barrel.
Santos Limited is an oil and gas producer, supplying Australian and Asian customers. The Company is primarily engaged in the exploration for, and development, production, transportation and marketing of, hydrocarbons. The Company develops major oil and gas liquids businesses in Australia, and operates in all mainland states and the Northern Territory. The Company has exploration-led Asian portfolio, with a focus on three core countries: Indonesia, Vietnam and Papua New Guinea. The Company operates in four business units of Eastern Australia; Western Australia and Northern Territory; Asia Pacific, and Gladstone LNG (GLNG). The Asia Pacific operating segment includes operations in Indonesia, Papua New Guinea, Vietnam, India and Bangladesh.
Santos will also work to expand Drillsearch’s Cooper Basin oil reserves and production. Drillsearch has increased its stake in the Tintaburra Block from 11% to 40%, and Santos is farming in to a 33% in another part of the plot.
all we need is a bit of luck getting a good deal,
and with Dennis looking after this and his connections its very possible.
STRONG BUY
GLTA
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