Conoco alliance could pay off for Santos: broker

SUBSTANTIAL value could be unlocked for Santos in the shape of the Barossa gas discovery and its tight relationship with ConocoPhillips in the Timor Sea, according to Merrill Lynch.

30 November 2006
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Despite downgrading its Buy rating to Neutral, the broker described the Barossa find, which stems from Santos and ConocoPhillips’ aggressive exploration program in the region, as another “baby step

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