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Two stocks soaring high – Santos Ltd and Australian Pharmaceutical Industries

Oil prices rally drove the stock: Santos Ltd (ASX: STO) stock surged over 3.6% on October 06, 2016 leading to over 9% increase in the last five days driven by the oil prices. The group has a solid asset base and recently Big Lake-135 was cased and suspended as a future Permian gas producer from its South Australian Gas project

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Four things about Santos’ recent results and asset review outcome

Softness in First Half Result: Santos Ltd (ASX: STO) recently announced a 2016 first half net loss of US$1,104 million, impacted by the previously announced impairment charge for GLNG of US$1,050 million after tax and lower oil prices. The underlying net loss was of the order of US$5 million after tax (excluding impairments and other one-off items). However, STO at

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Santos Ltd Exceeded Pre-Drill Expectations

Exceeded pre-drill expectations: Santos Ltd (ASX: STO) stock has fallen 2.6% on June 28, 2016 due to falling commodity prices even though there were positive announcements by the company. STO has successfully conducted the Drill Stem Test on the G Sand reservoir at the AAL-4XST1 appraisal well, offshore Indonesia. The project achieved an average stabilized flow rate of 828 barrels/day

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Santos Ltd – Drilling Updates And Offtake Agreements

Drilling updates and offtake agreements: The shares of Santos Ltd (ASX: STO) rallied 3.5% on April 07, 2016 as its joint venture partner, Beach Energy reported a positive drilling update. Primarily, exploration work at the South Australian Gas Ex PEL 513 depicted drilling of Berylium-1 as a part of a drilling campaign for liquids-rich gas play area of the southern

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