STO 2.28% $6.73 santos limited

STO isolated gas reserves

  1. 2,669 Posts.
    I posted the following on the Tap forum but it applies equally to STO


    In regard to Tap's share price is the exciting developments with LNG technology over the last two years.

    FIRSTLY The development of cheap FLNG plants which will make many more fields financially viable.

    http://www.sbmoffshore.com/what-we-do/our-products/flng/

    http://www.rigzone.com/news/oil_gas...s_with_735M_FLNG_Conversion_Job_for_Golar_LNG

    $735 million (plus the cost of the 30 year old ship)!!!

    SECONDLY. The use of LNG to power ships, trucks, mining equipment, locomotives and power stations.

    http://lng.elgas.com.au/lng-applications-uses-

    THIRDLY
    Improved LNG Process.

    http://www.lnglimited.com.au/IRM/Company/ShowPage.aspx?CPID=1455&EID=56380866

    Is it any wonder the Browse LNG Project has been deferred awaiting study of the latest developments in technology?
 
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