STO 0.65% $7.75 santos limited

Santos is taking longer term "win-win" approach, they appear...

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    Santos is taking longer term "win-win" approach,  they appear attempting to answer reasonable questions from effected landowners or their representatives.

    This same approach for several decades with "Traditional Owners" under the ALR(NT) and other acts, where communities depend upon bore-water for their water supplies.





    Re Pollution from CSG:
    Santos fined $1,500 for water pollution


    Link : http://www.epa.nsw.gov.au/epamedia/EPAMedia14021802.htm
    (my bold in this extract)

      
    " The NSW Environment Protection Authority (EPA) has issued a $1,500 fine to Santos NSW (Eastern) Pty Ltd following a pollution incident at their Narrabri Gas Field operations in the Pilliga.

    In March 2013 Santos notified the EPA after results from routine ground water sampling around the Bibblewindi Water Treatment Plant showed elevated levels of total dissolved solids and slightly elevated levels of others elements.

    EPA Chief Environmental Regulator, Mark Gifford said EPA staff immediately began an investigation into the cause of the elevated readings. "


    Further investigation showed the pond had been installed in 2007 by the site’s previous owner, Eastern Star Gas. A report Santos provided to the EPA showed there was no evidence that contractors, engaged by Eastern Star Gas, had carried out the necessary field testing, quality control or quality assurance during the installation, as is required by current government standards. "

    Further EPA media releases: http://www.epa.nsw.gov.au/epamedia/epamediareleases.htm




    re CSG SCU article: http://scu.edu.au/news/media.php?item_id=11561&action=show_item&type=M

    " Research by Southern Cross University scientists has led to the first peer-reviewed paper on atmospheric methane and carbon dioxide concentrations in Australian coal seam gas (CSG) fields, published in the international journal Water, Air and Soil Pollution.  "

    Published SCU article : http://link.springer.com/article/10.1007/s11270-014-2216-2  

    (my bold in this extract)

    Extract:  " While this study demonstrates how the method can be used to qualitatively assess the location and source of emissions, integration with atmospheric models may allow for quantitative assessment of emissions. The distinct patterns observed within the CSG field demonstrates the need to fully quantify the atmospheric flux of natural and anthropogenic, point and diffuse sources of greenhouse gases from individual Australian gas fields before and after production commences.   "



    Coal Seam Gas Water issues
    Santos: http://www.santos.com/coal-seam-gas/coal-seam-gas-water.aspx

    Extract re   Water Quality

    "  Coal seam gas water quality varies by region but is typically brackish in quality (100-10,000 mg/L of total dissolved solids [TDS]), sodic, and high in bicarbonate, making it unsuitable for many uses without treatment.

    Water from Santos-operated fields typically contains between 100-10,000 mg/L TDS. (Comparatively, Brisbane tap water is typically 240 mg/L and seawater, 35,000 mg/L. Water used in the Burnett region for irrigation can be up to 7,000 TDS.)  "




    Comment:  Santos are not perfect - who is ?  
    When Santos make errors they appear to step forward and accept their responsibility for errors, while doing their best to not make errors,  this is about the best we can all hope for.


    Sentiment:  ST Buy  &   LT Buy
 
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