(EnergyAsia, October 18) — Australian upstream company Santos has challenged Queensland Gas Company (QGC) to provide relevant and credible valuation benchmarks to support QGC’s claims that Santos’ offer price of $1.26 undervalues the company and that it is “opportunistic and patently inadequate”. QGC reportedly may not appoint an independent valuer to assess Santos’ offer….
AUSTRALIA: Santos challenges QGC to provide valuation
Posted on October 18, 2006 by EnergyAsia