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STO — Santos News Story

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Brief: Santos Announces Binding Agreement To Acquire A 30% Interest In The Meridian CSG Project

BRIEF-Santos Announces Binding Agreement To Acquire A 30% Interest In The Meridian CSG Project

- Santos Limited STO.AX:

  • ENTERED INTO A BINDING AGREEMENT TO ACQUIRE A 30 PER CENT INTEREST IN THE MERIDIAN CSG PROJECT

  • DEAL FOR ABOUT US$85-$90 MILLION

  • AGREEMENT AS PART OF A SALE TO GLNG JOINT VENTURE PARTNERS

  • EACH GLNG PARTNER WILL ACQUIRE A PRO-RATA SHARE IN LINE WITH ITS GLNG JV INTEREST

  • GROSS PURCHASE PRICE IS A$430 MILLION

Further company coverage: STO.AX


((Reuters.Briefs@thomsonreuters.com;))

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