CVN 0.00% 16.0¢ carnarvon energy limited

The number of time Santos has reported FID to be completed for...

  1. 1,548 Posts.
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    The number of time Santos has reported FID to be completed for Dorado is ridiculous, what I would like to see from our new Management by our next AGM is to have a definite answer for a FID and if they can't or it is to be delayed again then an immediate action for a claim on STO for unnecessary delays causing costs to its partners, these constant delays are costing us money in operating costs ( wages ) licence renewals and more, we can't be paid the balance for the 10% we sold and that means we don't gain interest on that money and for CPC the money they have paid isn't earning them interest and costing them money. its time to get tough on STO the real reason for delays is there interests in other projects.

    18th July 2019 Reported by STO
    Dorado liquids – targeting FEED-entry Q2 2020
    July 23, 2023 Reported
    Santos Limited (ASX:STO) Santos is believed to have shortlisted bidders for round two in the contest for a stake in its Dorado project in Western Australia. It is understood that a stake of about 25%, expected to be worth about $500 million, is on offer through investment bank Goldman Sachs. Among those in the race is Kuwait Foreign Petroleum Exploration Company K.S.C. (Kufpec), and the sale process has drawn interest from Southeast Asia.Santos owns 80% of the project, with Azure Capital-advised Carnarvon Energy the remaining holder. Carnarvon sold a 10% stake to Taiwan's CPC for $146 million in February. Sources have suggested that Taiwan's CPC might increase its interest, and Indian companies could consider an acquisition.Dorado is an integrated oil and gas project that will be developed in two phases. The Dorado and Pavo fields are estimated to contain gross 2C recoverable contingent resources of 189 million barrels of liquids and 401 petajoules of gas.


 
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