Dorado-2 Seals the Deal for Santos’ 100mmboe Group Production Target. No Change to AUD 8.15 FVE.
Any lingering doubts on the merit of Santos’ USD 2.15 billion acquisition of Quadrant Energy last year are now surely expunged. Following the success of Corvus gas field drilling last quarter which intersected a gross interval of 638 metres--one of the largest columns ever discovered across the North West Shelf--Santos can now confirm one of the largest ever oil pools on that same shelf at its 80% owned Dorado discovery off Port Hedland. The Dorado-2 well successfully confirms pre-drill expectat...Santos is a natural gas company engaged in the exploration for, and development, production, transportation and marketing of, hydrocarbons. Co.'s operating segments consist of five key assets/operating areas of: Cooper Basin; Gladstone LNG; Papua New Guinea; Northern Australia; and Western Australia gas; based on the nature and geographical location of the assets, plus Other non-core assets. Co.'s proved petroleum reserves were 485.0 million barrels of oil equivalent at Dec 31 2016.
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