The share price of Australian upstream company Santos settled at an all-time high of A$9.09 yesterday as investors responded warmly to news that the company had made a massive oil find in Indonesia to follow on report of last year’s record revenue of A$1.5 billion. (US$1=A$1.3). Santos’s total production for 2004 was 47.1 million…
AUSTRALIA: Santos shares at record high after reporting record profits and big oil find in Indonesia
Posted on January 25, 2005 by EnergyAsia