Santos' decommissioning liability matches a quarter of its $22b value, but its disclosures to investors fared poorly against the latest accounting standards, according to an international survey.
Australia's biggest oil and gas producer has posted record production and cut costs, but weak fossil fuel prices have weighed on profits
Investors beware: after spending more than $40 million in the Canning Basin, the US-owned company's continued pursuit of remote gas appears to be throwing good money after bad.
Gina Rinehart, heir to her father Lang Hancock's iron ore royalty stream, owns Hancock Prospecting, which has significant mining and agricultural interests, particularly in iron ore. She is a major supporter of the Australian right-wing political groups.
The Belisama project inland from Dongara could supply up to 20 per cent of WA's demand from 2029.
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