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An announcement from Santos Limited ( (AU:STO) ) is now available.
Santos Limited announced the early commencement of production from its Halyard-2 infill well, which is now supplying an additional 65 mmscf/d to Varanus Island. This project, running ahead of schedule, is set to convert nine mmboe of sales gas and condensate to 2P developed reserves, supporting cost reductions and aligning with the company’s disciplined operating model.
More about Santos Limited
Santos Limited is one of Western Australia’s largest domestic gas suppliers, focusing on the production and supply of natural gas. The company is known for its commitment to a low-cost operating model and efficient project execution.
YTD Price Performance: -17.02%
Average Trading Volume: 11,535
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.31B
Learn more about STO stock on TipRanks’ Stock Analysis page.
