Photo credit: Santos
Santos is pleased to announce that it has listed on the official list of the PNGX, Papua New Guinea’s National Stock Exchange, following approval by the Board of PNGX of Santos’ listing application as an exempt foreign entity.
The listing of Santos’ shares on PNGX relates to Santos’ merger with Oil Search Limited (Oil Search) which became effective on 10 December 2021.
Santos commenced exploration in PNG in 1987 and production from the SE Gobe field in 1998. Santos’ interests in PNG today primarily relate to the PNG LNG Project.
Santos’ merger with Oil Search is expected to support the development of key projects in PNG, including Papua LNG, delivering new jobs, helping to support the local economy, and continuing to support the development of and investment in PNG.
Santos shares will commence trading today on the PNGX on a deferred settlement basis under code STODA.
Normal settlement trading of Santos’ shares on the PNGX, under code STO, is expected to commence on 20 December 2021.
Article courtesy of Santos
