Santos Moomba South appraisal phase 1 successfully completed

Company News

by Anna Napoli

Oil and gas miner Santos (ASX:STO) has today announced the successful completion of the first phase of its Moomba South appraisal campaign in the Cooper Basin.

The Moomba South appraisal program is the first of several large-scale project appraisal phases in the Cooper Basin focused on contingent resource maturation.

The program has also successfully targeted two exciting new plays in the Granite Wash and Fractured Granite which have the potential to add significant new resources.

Santos says it is investing in the Cooper Basin to find more gas for the east coast domestic market.

Shares in Santos (ASX:STO) are trading 2.27 per cent higher at $6.98

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.