Santos Ltd.’s Stock Edges Up - Fourth rig, Ensign 965, in action to accelerate natural gas production

  • Aug 13, 2018 AEST
  • Team Kalkine
Santos Ltd.’s Stock Edges Up - Fourth rig, Ensign 965, in action to accelerate natural gas production

More natural gas development with fourth rig: Santos Ltd.’s (ASX: STO) stock rose 0.39% on August 13, 2018, before market close as the company announced about starting operations with the fourth rig, the Ensign 965, in the Cooper Basin, which will accelerate more Australian natural gas production to supply the east coast domestic market. The rig is expected to drill eight wells by the end of this year, starting in the Big Lake field with four deviated wells from a multi-well pad. The rig will then move to Moomba South, and will drill four appraisal wells there, sustaining Cooper Basin jobs.

Therefore, with fourth rig STO will now be able to drill almost 90 wells in the Cooper Basin this year, which is more wells drilled in a single year since 2014. Moreover, STO is on track to supply about 70 PJ of gas into the east coast domestic market in 2018, which is almost 13 per cent of expected demand. The company had reported 8% rise in Cooper Basin gas production in the second quarter compared to the previous quarter driven by the strong performance from recently connected wells. STO stock has risen 1.60% in three months as on August 10, 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK