Santos plans phased farm-in

摘要

SANTOS INTERNATIONAL OPERA-tions has entered into a conditional letter of agreement with Caspian Oil & Gas to execute a phased farm-in under which Santos will earn an 80% operated working interest in 10 exploration licences in the Kyrgyz Republic in central Asia.In addition,subject to approval,Santos will take a 15% direct equity placement in Caspian at a total cost of 2.3 million and be granted an option to acquire almost 5% of Caspian's issued share capital.