This is an extract from The AFR on line report headed "Outlook good and bad for Santos" first published 17 December 2010 12:06:15, the final three paragraphs.
"Meanwhile, Karoon Gas Australia and its partner in the Poseidon gas discovery, ConocoPhillips, look set is to announce today they have locked in one of the biggest drilling contracts in Australia in recent times.
The pair are poised to secure a rig to drill at least five wells at Poseidon next year, plus an option to drill up to another two.
At around $100 million a well, the program could ultimately be worth up to $700 million."
drill program for browse, page-7
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