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…
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 (87 cents per share), $64…
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…
MOOMBA OIL DISCOVERY The Santos Group, as Operator for the PPL 8 Joint Venture Parties, announces the discovery of a new pool oil discovery in the South Australian section of the Cooper/Eromanga Basins. The Moomba 104 oil exploration well has penetrated a 9m oil column in the Jurassic Hutton Sandstone. Comparison with analogous productive zones…
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…
The Santos Group announces the discovery of a new onshore gas field in PEP 108 in the Victorian section of the Otway Basin. The exploration wildcat well Penryn 1 has intersected a 20m gross gas column in the Cretaceous Waarre Sandstone over the interval 1673m to 1693m. Penryn 1 reached a total depth of 1823m…
MERANJI EAST 1 Santos Ltd, as Operator on behalf of the PPL 35 Joint Venture Parties, announces a successful extension to the Meranji Gas Field in the South Australian section of the Cooper/Eromanga Basins. The gas appraisal well, Meranji East 1, intersected approximately 15 metres of gas pay in the mid Patchawarra…
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…
STOCK EXCHANGE ANNOUNCEMENT The Board of Santos Ltd is pleased to announce that Mr. Frank J. Conroy, BCom, MBA, FAIM, FAICD, FAIBF has today been appointed a Director. Mr. Conroy, aged 57, is the Chairman of Howard Smith Ltd, St. George Bank Ltd, ORIX Australia Corporation Ltd and a Director of Futuris Corporation Ltd. He…
ASX YEAR 2000 DISCLOSURE The following statement is the response of Santos Ltd to the specific questions raised of all listed companies by the Australian Stock Exchange Ltd. 1. Has your company’s assessment of its overall potential exposure to the Year 2000 problem changed materially from what the market has previously been told? If it…
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…
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 Companys 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 and sales volumes were…
STOCK EXCHANGE ANNOUNCEMENT The Board of Santos Ltd is pleased to announce that Mr. Graeme William McGregor AO, BEc, FCPA, FCA has today been appointed a Director. Mr. McGregor, aged 60, recently retired from The Broken Hill Proprietary Company Limited where he had been an Executive Director since 1996 and the Executive Director Finance since…
Moomba Gas Plant Fully Operational
Santos Ltd advises that upon the completion of repairs to the outlet of the Moomba Gas Plant, full production resumed at 11.30 am Thursday 19 August.
Gas Supplies from Moomba Gas Plant Santos Ltd has this morning advised its customers (NGASA and AGL) who buy gas ex-Moomba that natural gas supplies from the Moomba Plant will be restricted by approximately 15% until around 1.00 pm Thursday 19 August. This follows the discovery of a small gas leak from a crack in…
Santos Limited today announced that it has commenced gas production in Victoria to assist the State in satisfying peak winter gas demand. The gas comes from a new gas processing facility at Heytesbury, 160 km south west of Melbourne, which the company has built at a cost of $9m The facility processes gas from the…
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…
Santos Ltd, as Operator on behalf of the PPL 90 Joint Venture Parties, announces the discovery of an extension to the Pondrinie Gas Field in the South Australian section of the Cooper/Eromanga Basins. The gas appraisal well, Pondrinie North 1, flowed gas at 76,460 cubic metres per day (2.7 million cubic feet per day) from…
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…
Record 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 23.6% in Australian dollar terms. This…
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
First Santos Victorian Gas Production Santos Limited has announced that it expects to commence its first Victorian gas production in June this year. This follows the completion of a gas sales agreement with the Victorian Governments Gascor Pty Ltd. This is Santos first direct contract with a customer in Victoria. Gas will be supplied from…
Santos Ltd, as Operator on behalf of the Murta Block Joint Venture Parties, announces the discovery of a new gas field in the South Australian section of the Cooper/Eromanga Basins. The block gas exploration well, Touriga 1, flowed gas at 153,000 cubic metres per day (5.4 million cubic feet per day) with 55 API condensate…
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…
Santos Ltd, as Operator on behalf of the Patchawarra Southwest Block Joint Venture Parties, announces the discovery of a new gas field in the South Australian section of the Cooper/Eromanga Basins. The block gas exploration well, Raven 1, flowed gas at 254,900 cubic metres per day (9.0 million cubic feet per day) with 56 API…
MICA 1 NEW GAS FIELD DISCOVERY Santos Ltd, as Operator on behalf of the Patchawarra Southwest Block Joint Venture Parities, announces the discovery of a new gas field in the Cooper/Eromanga Basins. The block gas exploration well, Mica 1, flowed gas at 182,300 cubic metres per day (6.44 million cubic feet per…
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