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ASX Energy Shares News: Santos (STO)

19th Jan 2012

Santos (ASX:STO) explores for and produces natural gas, crude oil, condensate, naphtha and liquid petroleum gas. The Company conducts major onshore and offshore petroleum exploration activities at oil and gas fields in Australia (Cooper/Eromanga Basins), the United States (Gulf of Mexico), Indonesia and Papua New Guinea. STO is Australian based and is member of S&P/ASX 200.

Santos revealed its fourth quarter production was down 9% on-year, whilst revenue was up 25% in the same period to $750 million.

The company also reported full year production down 5%, with a 14% increase of revenue to $2,530 million.

STO reaffirmed the 2012 guidance provided in November, which was a production range of 51-55 million barrels of oil.

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Share Tips Santos Ltd (STO)

26th Mar 2010

Santos Ltd (STO) is currently one of the hot stocks to watch. A leading gas producer in Australia, it has an interest in operations overseas and supplies natural gas to Australia and Asia.

Rumors emerged today that Woodside Petroleum (WPL) is preparing a $15 billion takeover offer for Santos Ltd (STO).

Reports state that WPL is looking to gain access to Santos’ LNG projects in Queensland and Papua New Guinea.

However, analysts believe the rumor is highly speculative given that WPL already has a significant number of high-quality, large-scale LNG projects in its pipeline.

STO shares were up almost 5% on the rumors at one stage, before Woodside and Santos poured cold water on the story.

Santos eventually closed the session with a 2.7% gain.

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