Chairman to lead strategic review The Santos Board has agreed with Managing Director and Chief Executive Officer, David Knox that after seven years in the role Mr Knox will step down once a successor has been appointed. In light of the continuing pressure on the Santos share price in recent months and approaches from other…
Santos released its 2015 Half Year Results today. View the full presentation below.
Santos has brought gas into its LNG production Train 1 at GLNG on Curtis Island, demonstrating the good progress the project is making towards start-up. The delivery of gas into Train 1 is a key milestone in the ongoing plant testing and commissioning process, and keeps GLNG on track for first LNG around the end…
Santos notes the steep decline in its share price on Friday 14 August 2015, and subsequent media speculation that the company is planning to launch an equity raising. Santos confirms that it has no current intention to undertake an equity raising. Santos retains ample liquidity, with over $2 billion in cash and undrawn debt facilities…
Santos Managing Director and Chief Executive Officer, David Knox, today announced a number of executive appointments. Brett Woods, currently General Manager WA & NT, has been appointed Vice President Eastern Australia. Brett will be responsible for production, development and commercialisation of the company’s oil and gas resources in Central Australia and offshore Victoria. “Brett brings…
Second quarter production up 12%, capex down 65%, GLNG on track Santos today announced higher second quarter production and higher sales volumes, as well as significant reductions to both capital and operating expenditure. Second quarter production of 14.3 million barrels of oil equivalent (mmboe) and sales volumes of 15.7 mmboe were 12% and 4% higher…
The success of the PNG LNG project continues as the 100th cargo of liquefied natural gas (LNG) left Port Moresby in Papua New Guinea this weekend. This milestone comes just after 12 months of export operations from the US$19 billion project. Santos Managing Director & Chief Executive Officer, David Knox, said that this significant achievement…
Presentation by Santos Managing Director and Chief Executive Officer David Knox to the 2015 Macquarie Australia Conference in Sydney on 7 May 2015.
Santos today released a presentation associated with an investor visit to the Cooper Basin and GLNG Project.
Santos narrows GLNG start date Santos today announced its GLNG project is approaching 95% complete and is expected to produce first LNG around the end of the third quarter this year. Previous guidance for first LNG was in the second half of this year. “The progress at GLNG over the past year has been excellent.…
First quarter production up 15%, GLNG first LNG expected around the end of Q3 Santos today announced higher first quarter production, higher sales and significant progress at the GLNG project. First quarter production of 14 million barrels of oil equivalent (mmboe) and sales volumes of 15.2 mmboe were 15% and 10% higher respectively than the…
Santos has released its 2014 Shareholder Review, 2014 Annual Report, 2014 Sustainability Report and its Notice of Annual General Meeting 2015. The 2014 Shareholder Review and 2014 Annual Report detail Santos’ performance and results and outline the company’s outlook and strategy. The 2014 Sustainability Report provides information on Santos’ management approach and sustainability performance. The…
On 20 February 2015 Santos announced a fully franked final dividend of fifteen cents per share would be paid on 25 March 2015 to shareholders on record as at 27 February 2015. It also announced that the DRP would be in operation for this dividend. DRP shares would be issued at the arithmetic average of…
Santos today announced that it had entered a contract to supply natural gas to Australia’s biggest alumina producer, Alcoa of Australia Limited. The contract commences in 2018 and will see Santos supply 82PJ of gas to Alcoa over an initial contract term of five years from the John Brookes field in the offshore Carnarvon Basin.…
Santos advises that the Hides F1 (Hides Deep) well has reached total depth of 4,633 metres. Thick argillaceous sandstone intervals were encountered in the exploration target, the Koi-Iange Formation, but wireline evaluation confirms an absence of reservoir quality. The exploration component of the well will now be abandoned and the development section completed as a…
Santos today announced that Ken Borda will retire as Chairman at the Annual General Meeting on 30 April 2015. Mr Peter Coates AO, currently a non-executive director, will resume the role of Chairman. Mr Coates previously served as Santos Chairman from December 2009 to May 2013 and returns to the role following his time as…
Santos today announced that proved plus probable (2P) petroleum reserves were 1,245 million barrels of oil equivalent (mmboe) as at the end of 2014. This represents an organic five-year 2P reserves replacement ratio of 97% and provides a reserves life of 23 years based on 2014 production of 54 mmboe. Proved (1P) reserves increased to…
Santos 2014 Full-year results presentation
Santos 2014 full-year underlying profit up 6 percent to $533 million Net loss of $935 million, reflecting previously advised non-cash after tax impairments of $1,563 million Full-year highlights Production up 6% to 54.1 mmboe Sales revenue up 12% to $4 billion EBITDAX up 8% to $2,153 million Operating cash flow up 13% to $1,843 million…
2014 Full Year Report incorporating Appendix 4E
Strong quarterly production, record sales revenue and appraisal success at Barossa Santos today announced company records for sales revenue in both the quarter ($1.1 billion) and the full year ($4 billion), reflecting the successful ramp-up of production from the PNG LNG project as well as higher Cooper Basin production. Fourth quarter production of 15.1 mmboe…
A locally made bicycle measuring 41.9 metres and carrying 20 passengers will this Saturday (17 January 2015) attempt to ride its way into the Guinness Book of Records and become the world’s longest bicycle. The attempt will take place on Rundle Road, Adelaide CBD (between East Terrace and Dequetteville Terrace) at 10 am.The bike will…
Appraisal well confirms significant resource upgrade for the Barossa gas field in the Bonaparte Basin Santos today announced that the Barossa-3 appraisal well has confirmed significant upside to the resource position for the Barossa gas field in NT/RL5, located in the Bonaparte Basin offshore Northern Territory. The Barossa-3 well is located approximately 300 kilometres north…
Santos today announced that it had secured an additional 3-year, $1 billion bilateral bank loan facility. The new facility with ANZ Banking Group significantly enhances Santos’ liquidity profile and financial flexibility at attractive funding costs. Santos Chief Financial Officer Andrew Seaton said that the facility further strengthens Santos’ conservative liquidity profile. “This facility provides a…
Santos has today reduced its projected 2015 capital expenditure to $2.0 billion from the previous guidance of $2.7 billion. Making the announcement, Santos Managing Director & Chief Executive Officer David Knox reaffirmed the strength of Santos’ financial position notwithstanding the substantial fall in the oil price and the company’s share price in recent weeks. “We…
Santos notes that Standard & Poor’s Ratings Services (S&P) has revised its long term senior unsecured credit rating for Santos from BBB+ (negative outlook) to BBB (negative outlook). Santos Chief Financial Officer Andrew Seaton said that Santos retained an investment grade credit rating from S&P. “Santos has a robust funding position, with approximately $2 billion…
At its Investor Seminar on 26 November 2014, Santos noted it was considering a potential European hybrid issue, subject to acceptable market conditions. Since that date, the oil market has experienced considerable volatility following OPEC’s announcement that it would maintain existing production levels. In response to this marked change in market conditions, Santos has decided…
Santos this morning delivered the 2014 investor presentation in Sydney.
Australian oil and gas exploration and production company Santos has entered into a partnership with OzHarvest which will bring the food rescue group to Western Australia for the first time. OzHarvest collects surplus food from all types of providers (including fruit and vegetable markets, supermarkets, hotels, wholesalers, farmers, corporate events, catering companies,restaurants) and delivers that…
Santos’ use of Caesium-137 (CS-137) in the Pilliga has been previously reported earlier this year. CS-137 is one of the most common radio isotopes used in industry, including in medical treatments and in the construction industry to gauge thickness and moisture of materials. It is often used in drilling operations both globally and in Australia.…
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