MARKETS

Santos makes second asset deal

SANTOS will fund Comet Ridge’s buy of Australia Pacific LNG’s stake in the Mahalo gas project in return for a later option to take a larger share for itself, announced a day after the Oil Search board greenlit the merger offer made by the Adelaide company.

Helen Clark

Mahalo sits close to Santos' existing fields and its Gladstone LNG export concern which is fed by Queensland's CSG fields. Comet increases its stake from 40% to 70% via the buy from APLNG with a price...

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