Santos to push for higher offer
The Santos board is set to push private US firm Harbour Energy to sweeten its $13.7 billion takeover bid.
The Santos board is set to push private US firm Harbour Energy to sweeten its $13.7 billion takeover bid.
Harbour Energy has refused to raise its $13.5bn bid for Santos in the face of rising oil prices, as it submitted a binding offer.
Santos predator Harbour Energy has agreed to work with Santos’s major shareholders.
Harbour Energy says its working with major Chinese shareholders on settling a $13.5bn takeover of Santos.
Pressure is mounting on Harbour Energy to sweeten its $13.5 billion offer for South Australian energy major Santos.
Santos’ chair has flagged the potential return of dividends, as he notes board approval of Harbour’s bid is not assured.
Santos says LNG project in Papua New Guinea will return to full production next month following a quake-forced shutdown.
Total and Quadrant Energy could join forces to buy oil and gas company Santos under a Macquarie Capital plan.
The Exxon-led gas-export plant in PNG has restarted production ahead of schedule and is expected to resume shipments soon.
Santos’ Chinese stakeholders have appointed advisers to help them navigate Harbour’s play for the local energy group.
China’s ENN says it will engage with Harbour over the $13.5bn Santos bid and “cautiously consider” its rollover proposal.
Former Woodside Petroleum chief Don Voelte says the Cooper Basin could be seen as a strategic national asset.
New Santos chairman Keith Spence will be sleeping with one eye fixed on the US President’s currency-moving Twitter feed.
Linda Cook says Santos will be a well capitalised Australian company and ‘subject to all the same taxes Santos is today’.
Treasurer Scott Morrison will want taxman Chris Jordan’s nod before Harbour’s $13.5b bid for Santos is approved.
Linda Cook’s Harbour Energy has been added to Bespoke’s lucrative Canberra clientele in the wake of its $13.5bn Santos bid.
Harbour’s well-timed pitch comes at a time of stronger oil prices, with Santos in the early stages of a significant reshaping.
Santos shares jumped by over 20pc after Harbour Energy’s new, $13.5bn takeover offer for the oil and gas producer.
East coast wholesale gas prices paid by business and energy users jumped by nearly 40 per cent last year, according to EnergyQuest.
Oil Search and Santos say it will take about eight weeks to restore production at their quake-damaged LNG project in PNG.
Santos has again held back a dividend but raised the prospect of returning capital to shareholders if debt is reduced.
Santos managing director Kevin Gallagher says China’s push for cleaner air is expected to drive gas export demand for years.
Richie Porte has welcomed the pressure coming back on him for this week’s Santos Tour Down Under.
Australian Olympian Amanda Spratt has won back-to-back Santos Women’s Tour Down Under titles.
The ‘nothing to see here’ rhetoric could be a ploy to drive down the share price and gain back control of the agenda.
Tanarra Capital principal John Wylie has formally resigned from any involvement in the Deutsche-led Santos defence.
Santos stalker Harbour Energy is understood to have locked in a new funding arrangement.
Santos shares have surged to a two-year high after it said it had knocked back a $9.3bn offer from Harbour Energy.
Investment bank JPMorgan is believed to have acted as the adviser for Harbour Energy on its $9.5bn bid for Santos.
Santos has revealed that it passed on a $9.5bn bid in August, as its share price surged on reports of an imminent deal.
Original URL: https://www.theaustralian.com.au/topics/santos/page/18