Santos today announced that the Moomba-194 vertical shale gas well in the Cooper Basin is flowing gas at an average rate of 3 million standard cubic feet per day (mmscf/d).
Moomba-194 is a follow-up to the existing successful shale gas well Moomba-191 within Santos� Cooper Basin unconventional resource exploration program.
Santos VP Eastern Australia James Baulderstone said Moomba-194 is another significant milestone in Santos� ongoing program to unlock the large Cooper Basin unconventional resource.
�Santos� deep understanding of the Cooper Basin, plus our access to critical infrastructure, enables us to lead the way in realising Australia�s unconventional gas potential.�
�Moomba-194 is well positioned, only 2 kilometres from existing infrastructure and Santos expects to rapidly tie this well into our production network,� Mr Baulderstone said.
To view full details of the news announcement please click on the following link:
http://www.santos.com/library/191213_Further_shale_gas_success_at_Moomba-194_in_the_Cooper_Basin.pdf
Regards
Santos
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Santos Limited
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CODE : STO.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Santos is a oil exploration company based in Australia. Santos is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 15.1 billions as of today (US$ 10.2 billions, € 9.3 billions). Its stock quote reached its highest recent level on March 08, 2013 at AU$ 9.98, and its lowest recent point on October 11, 2024 at AU$ 7.25. Santos has 2 082 909 952 shares outstanding. |