Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Santos Limited: Riding High On Exxon Mobil's Extremely Successful Papua New Guinea LNG Project

Santos Limited (OTCPK:STOSF) is an Australian company and the country's leading producer of domestic natural gas. In addition to Australia, the company's exploration efforts are focused on three core Asian countries: Indonesia, Vietnam and Papua New Guinea ("PNG"). Operating from this base of assets, Santos is pursuing a transformational LNG strategy with interests in three large LNG projects: Darwin LNG, PNG LNG and GLNG (Queensland). Below is a graphical overview of Santos pulled from a June investor presentation.

(click to enlarge)

The PNG LNG project is a very positive catalyst for Santos. Bloomberg reported yesterday that Exxon Mobil (NYSE:XOM), the plant operator, said the plant is now operating at full capacity after initial startup earlier...

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