CSG

Santos pays $476M to join ESG in Gunnedah

ANOTHER round of consolidation has begun in the coal seam gas industry after Santos paid $476 million in two transactions to snatch up more acreage in the prospective Gunnedah Basin, New South Wales.

Marija Stojkovic

Santos pays $476M to join ESG in Gunnedah

The company has acquired a 19.9% interest in fellow coal seam gas explorer Eastern Star Gas by paying Hillgrove Resources $176 million for its interest in ESG. The company also paid $300 million to...

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