Stag purchase gored by oil price collapse

A DEAL announced in November to see Santos (66.7%) and Quadrant Energy (33.3%) sell a combined 100% interest in WA-15-L and the Stag oil field in the Carnarvon Basin to Malaysia's Sona Petroleum has become a victim of the collapsing oil price.

Stag purchase gored by oil price collapse Stag purchase gored by oil price collapse Stag purchase gored by oil price collapse Stag purchase gored by oil price collapse Stag purchase gored by oil price collapse

The oilers have been forced to accept $US25 million for the field, half the expected $50 million.

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