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MARKETS

Santos moves early on increasing Mahalo stake 

SANTOS has voiced its belief in the Mahalo CSG project in Queensland by taking another 12.86% of the project from smallcap partner Comet Ridge, which gives it a 42.86% share. 

Helen Clark
Earlier drilling at the Mahalo field

Earlier drilling at the Mahalo field

This shaves $5.14 million off the debt Comet owes Santos.    The option to up its stake was to expire at the end of December and was put in place after Comet borrowed cash from Santos to buy out Australia...

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