First Quarter Highlights The following results were achieved compared with the 1999 first quarter: Sales revenue increased by 64.0% to $298.1 million (quarterly record) Sales volume increased by 10.0% to 12.1 million boe (first quarter record) Production volume increased by 5.3% to 12.7 million boe (first quarter record) The average oil price received averaged US$26.25…
1999 Annual Report
Santos Record Full Year Profit Record earnings of $219 million, up 24%. Earnings per share up 24% to a record 36 cents before abnormals. Final dividend up 2 cents to 15 cents per share, making a total 1999 dividend of 27 cents per share, fully franked. Operating cash flow up 16% to a record $530m…
Santos announces that Mr Jon Young has been appointed General Manager South Australia Business Unit. Mr Young comes to Santos from Mobil Corporation where he had approximately 20 years of wide-ranging experience in senior management positions in Australia, the United States and Asia, most recently as Chief Executive Officer, Indo Mobil Ltd, based in New…
1999 Full Year Highlights The following results were achieved compared with 1998: Sales revenue increased by 22.8% to a record $944.5 million Sales volume increased by 7.5% to a record 48.5 million boe Production volume increased by 7.9% to a record 49.2 million boe Fourth Quarter Highlights The following results were achieved compared with the…
Stag Oil Field Production Increase Two additional Stag production wells – Stag 19H and 20H – have recently been placed on-stream. These wells have increased production over the period since 18 December 1999 to an average of 23,700 barrels of oil per day (bopd), building up to around 27,000 bopd over the last two days.…
Bayu-Undan Santos Limited is pleased to announce that it is proceeding, through its whollyowned subsidiary Santos (ZOCA 91-12) Pty Ltd, with the liquids recovery phase of the Bayu-Undan project. The liquids phase is expected to cost US$1.4 billion (Santos share US$170m), with production forecast to begin in 2004. Commenting, Santos Managing Director Mr. Ross Adler…
Bayu-Undan The Operator of the Bayu-Undan liquids development project, Phillips Petroleum (91-12) Pty Ltd, a subsidiary of Phillips Petroleum Company, has made a release concerning further progress with the project. Santos Limited expects to be in a position to announce its decision on participation in the project during the second half of November 1999. 10/26/99…
Third Quarter Highlights The following results were achieved compared with the 1998 third quarter: Production volume increased by 4.3% to 12.9 million boe Sales volume decreased by 0.8% to 12.4 million boe Sales revenue increased by 16.0% to $245.1 million Comment by Mr Ross Adler, Managing Director Record production and the growth in sales revenue…
Santos 1999 Interim Profit Santos today announced an after tax profit for the 1999 first half of $83.6 million, $0.6 million below the 1998 first half result of $84.2 million. The Company’s underlying operating result improved by $20.4 million as a result of an 18.4% growth in sales volumes. Record first half sales revenue, production…
Second quarter highlights The following results were achieved compared with the 1998 second quarter: Production volume increased by 10.5% to 12.1 million boe Sales volume increased by 19.6% to 12.8 million boe Sales revenue increased by 28.0% to $231.0 million First half highlights First half highlights compared with 1998 are as follows: Production volume increased…
ANNUAL GENERAL MEETING The Santos Annual General Meeting was held inAdelaide today with the Chairman Mr John Uhrig AO and the Managing Director Mr Ross Adler AO addressing shareholders. Mr Uhrig outlined the significant achievements made by the Company in 1998 notwithstanding the impact on financial results of low oil prices. Mr Adler addressed the…
First Quarter Highlights The following results were achieved compared with the 1998 first quarter: Production volume increased by 19.5% to 12.0 million boe Sales volume increased by 17.0% to 11.0 million boe Sales revenue increased by 13.6% to $181.8 million Comment by Mr Ross Adler, Managing Director: Production, sales and revenue all grew strongly during…
Santos Full Year Profit Of $176 MillionRecord Sales Mitigate Oil Price Impact Santos today announced an after tax operating profit for the 1998 full year of $176.3 million, a reduction of 14.5% on the record 1997 earnings. Record production and sales volumes mitigated the impact of the fall in the average oil price received of…
1998 Annual Report
Fourth Quarter Highlights The following results were achieved compared with the 1997 fourth quarter: Production volume increased by 14.5% to 12.3 million boe Sales volume increased by 21.4% to 12.5 million boe Sales revenue increased by 10.8% to $217.6 million Full Year Highlights Full year highlights compared with 1997 are as follows: Production volume increased…
Third Quarter Highlights The following results were achieved compared with the 1997 third quarter: Sales revenue increased by 2.6% to $211.3 million Sales volume increased by 11.6% to 12.5 million boe Production volume increased by 17.8% to 12.3 million boe Comment by Mr Ross Adler, Managing Director: It is pleasing that sales revenue has increased…
Santos Appoints General Manager – Petroleum Development and Planning Santos announces that Dr Ashok Khurana has been appointed General Manager Petroleum Development and Planning. Dr Khurana has more than 30 years international experience in the petroleum exploration and production industry, including 12 years experience in technical management positions, mainly with Esso Australia Ltd and Esso…
Santos Interim Profit Santos today announced an after tax profit for the 1998 first half of $84.2 million, a decrease of 17.7% on the 1997 first half result of $102.3 million. The result reflects a reduction in the price of crude oil, mitigated by solid operational performance. Production volumes for the first half of 1998…
MUTINEER-1B The Mutineer-1B well in permit WA-191-P was plugged and abandoned as an oil discovery on 18 August 1998 having drilled to a total depth of 3399 metres. The well encountered an 8 metre oil column in the Angel Formation between shales at 3120 and 3128 metres. No oil-water contact was encountered in this zone.…
Second Quarter Highlights The following results were achieved compared with the 1997 second quarter: Production volume increased by 5.7% to 10.9 million boe Sales volume increased by 0.9% to 10.7 million boe Sales revenue decreased by 7.4% to $180.4 million Comment by Mr Ross Adler, Managing Director The 5.7% increase in production positively reflects a…
ANNUAL GENERAL MEETING The Santos Annual General Meeting was held in Adelaide today with the Chairman Mr John Uhrig and the Managing Director Mr Ross Adler addressing shareholders. CHAIRMAN’S ADDRESS 1997 Result Mr Uhrig described 1997 as being a good year for the company. Sound financial results were achieved, the ordinary full year dividend was…
First Quarter Highlights The following results were achieved compared with the 1997 first quarter: Production volume increased by 5.3% to 10.1 million boe Sales volume increased by 2.2% to 9.4 million boe Sales revenue decreased by 11.7% to $160.1 million Comment by Mr Ross Adler, Managing Director The 5.3% increase in production was a pleasing…
Increase In Santos Full Year Profit To $206 MillionReserves Increase To Over One Billion Barrels Santos today announced an after tax operating profit for the 1997 full year of $206.2 million, an increase of 5.3% on the 1996 result of $195.9 million. The increased profit was primarily the result of record production and sales revenue.…
INCREASE IN SANTOS FULL YEAR PROFIT TO $206 MILLION RESERVES INCREASE TO OVER ONE BILLION BARRELS Santos today announced an after tax operating profit for the 1997 full year of $206.2 million, an increase of 5.3% on the 1996 result of $195.9 million. The increased profit was primarily the result of record production and sales…
Fourth Quarter Highlights The following results were achieved compared with the 1996 fourth quarter: Production volume increased by 8.9% to 10.7 million boe Sales volume increased by 4.0% to 10.3 million boe Sales revenue decreased by 5.2% to $196.4 million Full Year Highlights Full year highlights compared with 1996 are summarised below. Each category represented…
Kau 1 Exploration Well Santos Limited advises that the Kau 1 exploration well located in the Warim PSC of Irian Jaya, 11 kilometres southeast of Digul 1 has been plugged and abandoned. The well reached its planned total depth of 3183m. Encouraging indications of hydrocarbons were intersected but hole conditions prevented the full evaluation by…
Third Quarter Highlights: The following results were achieved compared with the 1996 third quarter: Sales revenue increased by 10.3% to $205.9 million. Sales volume increased by 7.7% to 11.2 million boe. 67% success rate from exploration and appraisal wells drilled. Comment by Mr Ross Adler, Managing Director Increases in sales revenue and sales volume were…
Increase In Santos Interim Profit Santos today announced an after tax operating profit for the 1997 first half of $102.3 million, an increase of 15.5% on the 1996 first half result of $88.6 million. The improved profit performance was primarily the result of increased production and higher product prices. Managing Director, Mr Ross Adler, said…
Second Quarter Highlights The following results were achieved compared with the 1996 second quarter: Sales revenue increased by 4.0% to $194.9 million Sales volume increased by 6.0% to 10.6 million boe Production volume increased by 4.5% to 10.3 million boe 64% success rate from exploration and appraisal wells spudded. Comment by Mr Ross Adler, Managing…
960 / 975
Load more