This is Not inside trading . It is Public knowledge but nothing is coming from Santos. Info is difficult to obtain but I do get a bit peeeeed off when share holders are not kept up with developments.
1. The oil drilling contractor That Santos had starts with a W. and has been terminated as per quarter report.
2. Santos does not identify the Charo's drilling as current when I last looked at web site.
3. They are apparently treating the Charo field as a PRIORITY to drill. Have taken steps to make that happen.
Thats partly apparent in todays Bpt. report Nothing re Santos.
They SANTOS have identified Charos Field as a priority to drill.
I AM NOT A BELIEVER OF PLOTS ETC BUT :
Short of traveling to the site little info is returning to us. Charo 1 was abandoned apparently.
2 and 3 are producing.
4 will be identified next week as a producing well perhaps.
But no figures will be forthcoming from Santos for some time. I think you are going to see a big increase in the action around Cooper and Charo field to see what they actually have. So there you have it. Phone calls and internet web investigations will reveil all is true. 247
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