some interesting info for share with fellow holdersSANTO...

some interesting info for share with fellow holders

SANTO
Indonesian interest - Cue holds a 15%
OYONG Field
oil production beginning in September 2007
gas production is expected to being in second half of 2009
WORTEL field-
Wortel development is expected to begin later in 2009 with the gas being produced through the Oyong facilities, with first gas around year end 2010.
Wortel is currently assessed to contain recoverable gas volumes of 60-130 billion cubic feet.

OSH
PNG
-PPL190 - Papuan Basin, PNG (10.947% interest)
The well has been cased and suspended as a potential future oil producer
-PRL8 - Papuan Basin, PNG (10.72% interest)
potentially recoverable natural gas volumes in the drilled southern fault block of the field to approximately 270 billion cubic feet (2P equivalent),
-PRL9-Papuan Basin, PNG (14.894% Interest)
assessed to contain approximately 800 billion cubic feet of recoverable natural gas
-PDL3 - SE Gobe field, PNG (5.568892% interest) Oil Unit interest (3.285651% interest) SE Gobe Unit, PNG (3.285646% interest; overlift interest 3.8565%)
Oil production for the SE Gobe field for the year ending 2008 averaged approximately 5,400 barrels of oil per day. Cue's share being around 176 barrels of oil per day.
The gross recoverable contingent gas resource volumes have been independently reassessed and are now estimated to be 176 billion cubic feet. An estimated additional 1.5 million barrels of oil could be ultimately recovered from the field if an LNG project proceeds, thus allowing extension of the field life.

Both STO and OSH are happened to be the ONLY 2 aust stock tipped to be as potential T/O target to the chinese oil company as they ann they would like to spend $US17bil on YPF.