?X Under the transaction, Santos acquires (net of on-sale to TRUenergy): - 684 PJ net 2P reserves - 1,259 PJ net 3P reserves ?X Santos?? net 3P reserves in Gunnedah increase by 128% to 2,238PJ ?X Attractive acquisition price of A$0.50 per GJ of 3P reserves
Previously (Nov10) COI: COI permits cover 13,028 km2of the northern Gunnedah Basin >PEL 427 (COI 25%) >PEL 428 (COI 20%) >Both permits are operated by Eastern Star Gas, and are located immediately north and west of ESG??s Narrabri Gas Project in PEL 238 >Significant consolidation has occurred in the Gunnedah Basin over recent years
Can some one figure out implications or COI? This can't be bad news unless a boat has been missed. Any views?
COI Price at posting:
13.9¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)