Gas price rises, share prices rocket

New gas extraction technologies attracting investors to Cooper Basin.

It might be difficult to teach old dogs new tricks but that’s not the case with old oilfields because the revival of the Cooper Basin in central Australia is one reason for the sharp increase in the share price of Australia’s second biggest oil and gas producer, Santos.

Takeover chatter is another factor in the 11.5% rise by Santos in the 12 trading days since July 1 with two of the world’s oil majors, Chevron and ExxonMobil named as possible suitors.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles