Hydrocarbon explorer Santos Limited
(ASX:STO) has responded to persistent market speculation of a problems with its coal seam gas assets in New South Wales.
The company says it expects to avoid costly write-downs, associated with new state government legislation.
Just last week AGL Energy flagged a possible write-down of its coal-seam gas assets due to the new measures restricting, in particular near populated areas.
To December 31st, Santos recorded a $518 million net profit.
