Santos Limited
(ASX:STO) and Drillsearch Energy Limited
(ASX:DLS) have completed a number of well developments in the Toobunyah and Tintaburra oil fields.
Santos and Drillsearch share a 60 per cent – 40 per cent respective split, of the Toobunyah 10 and 11 oil wells which have been cased and suspended.
The positive news comes in the wake of controversy last month after Santos was fined $1,500 for contaminating an aquifer near a coal seam gas project it operates in north-western New South Wales.
Santos reported a net profit of $516 million in the 2013 calendar year.
