Oil and gas mining corporation Santos Limited is currently seeking approval to drill up to 850 natural gas wells on est. 425 sites over 95,000 hectares in the Pilliga Forest region of north-west New South Wales.
Pilliga Forest is consdered a rare example of intact temperate forest and covers an est. 300,000 hectares sitting atop a recharge area of the Great Artesian Basin.
Santos presents itself as an Australian company, yet two affilated Chinese companys hold over 624 million voting shares in the company1 and its top institutional shareholders contain the usual mix of international banks, finance and investment companies2.
Footnotes
1. As of 27 June 2017 Hony Partners Group, L.P and ENN Ecological Holdings Co Ltd acting in concert
2. At Page 130 https://www.santos.com/media/4319/2017-annual-report.pdf.
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