AUSTRALIAN ENERGY CO SANTOS COMPLETES A$300 MLN SHARE BUYBACK

MELBOURNE, Oct 06, 2008 (AsiaPulse via COMTEX) -- STOSY | Quote | Chart | News | PowerRating -- Santos Ltd (ASX:STO), Australia's third biggest oil and gas producer, has completed a A$300 million (US$232.23 million) buyback of its shares.

The company purchased 18.5 million shares, or 3.1 per cent, of its issued capital at a buyback price of $16.23.

Santos chief financial officer Peter Wasow said the successful completion of the off-market buyback demonstrated the company's commitment to efficient capital management.

(AAP)

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