Sona eyes other assets in Western Australia

Robertson: ‘Further cost optimisation is possible. We will be developing the asset to reduce cost of production by a further 10-20.’

PERTH: Sona Petroleum Bhd, a cash company seeking to close its first oil and gas acquisition deal, is keeping an eye for new takeover opportunities in Western Australia, where energy firm Santos Ltd is disposing some of its assets.

Sona’s proposed qualifying asset (QA), the Stag Oilfield, is also located in the same area.