Quadrant takeover a welcome surprise for Carnarvon

CARNARVON Petroleum was as surprised as anyone by yesterday’s announcement that Santos was spending US$2.15 billion in an all-cash takeover of its Phoenix project partner Quadrant Energy, with upside based on exploration on the North West Shelf project they share. 

Quadrant takeover a welcome surprise for Carnarvon Quadrant takeover a welcome surprise for Carnarvon Quadrant takeover a welcome surprise for Carnarvon Quadrant takeover a welcome surprise for Carnarvon Quadrant takeover a welcome surprise for Carnarvon

Santos takeover of Quadrant also nets it four JV projects with Carnarvon

Santos will make an additional, contingent payment after final investment decision and when 2P reserves have been assessed.
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