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