Santos takes Quadrant for US$2.15B

SANTOS will pay US$2.15 billion cash for Western Australia-based Quadrant Energy, giving it access to a strong domestic gas market and gas processing facilities and the North West Shelf’s third-largest oil find at Dorado-1.

Santos takes Quadrant for US$2.15B Santos takes Quadrant for US$2.15B Santos takes Quadrant for US$2.15B Santos takes Quadrant for US$2.15B Santos takes Quadrant for US$2.15B

After rumours Adelaide oiler takes large share of WA gas market and new Dorado discovery

The announcement came late yesterday before Santos' half year report this morning.
 
The market has responded with an 9% share price rise for the company.