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Exclusive: Stag sold for $50M, offer 'baseline'

MALAYSIAN outfit Sona Petroleum has agreed to buy the Stag oilfield from operator Quadrant Energy and partner Santos – but <i>Energy News</i> understands that figure could go up from a $US50 million ($A70.05 million) offer as negotiations progress.

Exclusive: Stag sold for $50M, offer 'baseline'

While Energy News can confirm Quadrant that made an offer, believed to be worth $1.5 billion, for Santos' WA assets last week did not include Santos' interest in Stag. "Today's announcement represents...

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