Santos makes major gas discovery off WA

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 17-Apr-19

Santos has had promising results from a drilling program at its Corvus-2 well in the WA-45-R permit, which it acquired via the takeover of Quadrant Energy. Wood Mackenzie has suggested that the Corvus-2 discovery may hold 2.5 trillion cubic feet of gas and 25 million barrels of condensates. Meanwhile, Oil Search has reported revenue of $US398.1m for the March quarter, which is 21 per cent lower than the three months to December. Production fell by three per cent, to 7.25 million barrels of oil equivalent.

CORPORATES
SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, WOOD MACKENZIE

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