Santos Limited (Santos) today released its first public review which provides details of the social, environmental and economic impacts, or “sustainability factors”, of its day-to-day operations. Titled First Steps, Sustainability Review 2004, the review outlines a framework by which Santos will measure its future sustainability performance. As the basis for its maiden review, Santos used…
Santos Limited, on behalf of the VIC/P44 joint venture, has announced that the $200 million Casino development, offshore Victoria, has been granted formal environmental approval by the Commonwealth Government. Approval was granted under the Environment Protection and Biodiversity Conservation Act 1999 by the Commonwealth Department of Environment and Heritage to develop the Casino gas field…
The development of Australia’s newest offshore oilfield – the Mutineer-Exeter project off Western Australia – has taken another key step forward with completion of a state-of-the-art Floating Production Storage and Offloading (FPSO) facility. The FPSO – named the MODEC Venture 11 – will leave Singapore in early 2005 to take up anchorage off the WA…
Santos Limited advises that its insurers have agreed that losses resulting from the New Years Day incident at the Moomba Gas Plant are recoverable under the property damage and business interruption policy. This has been a detailed process given the nature of the claim. Santos and its insurers have now completed their assessment and will…
Santos Limited, on behalf of its wholly owned subsidiary, Santos (Donggala) Pty Ltd (Santos), announces that it has entered into agreements with Total and Inpex whereby Santos will obtain both companies’ entire equity interests in the Donggala Production Sharing Contract (PSC) in the Kutei Basin, offshore Indonesia. Under the agreement, Santos will take up a…
Santos Limited today reported that production continued to improve in the latest September quarter, following the full recommissioning of the Moomba plant during the period and new production from Bayu-Undan. Production has increased strongly with third quarter production up by 12%, and revenue up 26% compared with the second quarter to 30 June 2004. Revenue…
Santos Limited advises that oil and gas have flowed from its Jeruk 2 ST-2 well being drilled in the Sampang Production Sharing Contract, offshore East Java. An open-hole Drill Stem Test (DST) was performed in the well during Saturday 16th and Sunday 17th of October 2004. The test was performed over an 18 metre interval…
Santos Limited (Santos) and the Mitsui & Co, Ltd (Mitsui) subsidiary, Mittwell have joined forces again to explore for oil and gas – this time in another part of the offshore Otway Basin, southern Australia. Santos announced today that Mittwell Energy Resources Pty Ltd, already a joint venture partner in the $200 million Casino gas…
Santos Ltd (Santos), Australia Worldwide Exploration Limited (AWE) and Mitsui & Co, Ltd (Mitsui) today announced the formal go-ahead for the development of a new Australian gas field – the Casino project in the offshore Otway Basin, Victoria. The $200 million development approval follows the granting of the necessary Board approvals to commit to the…
Santos Limited today announced that the Dividend Rate for its Franked Unsecured Equity Listed Securities (FUELS) will be 4.9128% per annum, for the Dividend Period from 1 October 2004 until 31 March 2005. After incorporating the value of expected franking credits, the grossed-up Dividend Rate equates to 7.0183%% per annum for the Dividend Period. According…
Santos Limited (Santos) is pleased to advise that the FUELS capital management program announced last month by the Company has closed oversubscribed, raising $600 million. Funds raised by the issue of the franked, unsecured, equity-listed securities (FUELS) will be used in the $350 million redemption and buyback of existing Reset Convertible Preference Shares (Resets) and…
On 7 June Santos Limited (Santos) announced that it had reached an agreement with Medco Energi Internasional Tbk (Medco) to acquire part of Novus Petroleum Limited’s (Novus) Indonesian interests and all of Novus’ Cooper Basin interests, subject to certain conditions. Santos announces that it has today executed formal agreements with Medco consistent with the previously…
Santos Limited is pleased to announce the appointment of Mr Martyn Eames to the newly created position of Vice President, Corporate and People, effective December 1 2004. Martyn currently holds the position of Vice President, Strategy and Business Planning with BP Angola, a major growth business in BP’s upstream portfolio. His career spans over 25…
Santos Limited announced today that its wholly owned subsidiary, Santos (BOL) Pty Ltd (Santos), has signed a second gas sales contract for the John Brookes gas field. Under the contract, Santos (45%) and Apache Northwest Pty Ltd (55% and Operator) will supply EDL LNG (WA) Pty Ltd, a subsidiary of Energy Developments Limited (EDL) with…
Santos Limited (Santos) today announced that it has extended the following dates, in order to give Santos Reset Convertible Preference Share (Reset) holders more time to participate in the on-market buyback and to consider their options under the Resets redemption and buyback. Resets Redemption and Buyback New Date Previous Date Last date for lodging sell…
Santos Limited advises that the Moomba processing plant has been returned to full operating capacity for natural gas liquids production following the New Year’s Day incident. The rebuild of the damaged liquids recovery plant section has been completed with the reinstatement of Train-B. This follows the start-up of Train-A in June. With both Train-A and…
On 24 August 2004, Santos Limited (Santos) announced an offer of a new class of preference shares called FUELS (Franked Unsecured Equity Listed Securities) to raise $500 million with the ability to accept oversubscriptions. A Prospectus for the FUELS issue was lodged with the Australian Securities and Investments Commission (ASIC) on that date. The Prospectus…
As announced by Santos Ltd on Tuesday August 24, an Institutional Bookbuild was to open on Friday August 27 and close on Monday August 30 to set the Margin for the proposed issue of FUELS (Franked Unsecured Equity Listed Securities). Due to the strong interest shown by investors since the announcement of the offer, Santos…
A PDF of the 2004 Interim Results presentation speaking notes can be viewed at the following link.
Please see attached the official transcript fof the 2004 Half Year Results conference call.
A PDF of the 2004 Interim Results presentation can be viewed at the following link.
Moomba incident affects Santos first half profit (includes corrected dividend table) Santos Limited’s after-tax net profit was $86.5 million in the six months ended 30 June 2004 compared with $135.6 million in the previous corresponding period. As expected, the profit downturn was due to the loss of production caused by the Moomba incident in January…
Santos Limited today announced an offer of Franked Unsecured Equity Listed Securities (FUELS) and the redemption and buyback of its existing Reset Convertible Preference Shares (Resets). The offer of FUELS which are non-cumulative, redeemable and convertible preference shares, is for $500 million. The redemption and buyback of Resets will be for all outstanding Resets with…
Santos Limited today announced that it will expand its offshore Victorian gas interests having agreed to increase to 50% its equity interests in both the Patricia Baleen and the Sole gas fields in offshore Victoria. Santos will obtain from Trinity Gas Resources Pty Ltd (TGR) an additional 30% interest in the Patricia Baleen gas field…
Santos Limited is pleased to announce today the signing of a sales gas contract with Newcrest Mining Limited (Newcrest). Under the contract Santos (45%) and Apache (55% and operator) will supply Newcrest with 120 petajoules (PJ) of gas over 15 years from the John Brookes field. This is the first major gas contract for John…
Santos Limited announced today that the international groups, Total SA of France and Mitsui Oil Exploration Co Ltd (MOECO) of Japan, will farm into a deep water exploration block located north of Bali, Indonesia held under a production sharing contract (PSC) by Santos (Nth Bali I) Pty Ltd. Total, through its subsidiary, Total E&P North…
Santos Limited today reported lower June 2004 quarter production, sales volumes and revenues, despite significantly improved results compared with the March quarter. Total development spending for the quarter, however, was a record $175 million as the Company moves quickly to bring new projects online, such as Mutineer-Exeter and John Brookes, to increase future production. Total…
Santos Limited and ConocoPhillips – already joint venturers in the giant Bayu-Undan liquids and LNG projects – have joined forces to explore another Timor Sea prospect. Santos announced today that its subsidiary, Santos Offshore Pty Ltd, has concluded a farmout arrangement with ConocoPhillips’ subsidiary, ConocoPhillips Australia Exploration Pty Ltd, to jointly participate in exploring a…
Santos Limited has agreed to sell its operated interests in the onshore Otway Basin in western Victoria to Origin Energy Resources Limited which interests are held through its wholly owned subsidiary Santos (BOL) Pty Ltd. The sale includes a 90% interest in the exploration permit EP 154(a) and (b), a 100% interest in the exploration…
Santos Limited has further expanded its global oil and gas search with the announcement today of the Company’s first North African exploration venture. Santos is investing approximately AU$70 million in a joint eight-well exploration venture over three years in the Gulf of Suez, Egypt, with major US petroleum group, Devon Energy Corporation. It is the…
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