Santos Limited advises that it will change the way it reports on exploration and delineation drilling activity. Effective immediately, Santos will report on actual drilling results, together with planned upcoming wells, as part of its quarterly activity reports which are lodged with the Australian Stock Exchange (ASX). Weekly drilling reports will no longer be issued.…
Santos Limited, on behalf of its wholly-owned subsidiary Santos Offshore Pty Ltd, today confirmed the discovery of a new gas field offshore Northern Territory with the drilling of the Caldita 1 exploration well. Caldita 1 commenced drilling on July 7 and reached a total depth of 4037 metres. The well encountered a significant hydrocarbon column…
Investor Update – UK/US Investor Presentation
Santos Limited has entered into an agreement to sell its 25% interest in the exploration permit JPDA 03-01 in the Timor Sea to Paladin Resources plc (Paladin). The permit contains the undeveloped Jahal and Kuda Tasi oil fields and is located in the Joint Petroleum Development Area between Australia and Timor Leste in the Timor…
On 30 September 2005 Santos will pay a fully franked interim dividend of 18 cents per share to shareholders on record as at 6 September 2005. For the purposes of the Dividend Reinvestment Plan (DRP) the average market price for the issue of DRP shares is $11.054929. Under the terms of the DRP, the average…
2005 Half Year Results Presentation
Santos reports first half profit of $290 million First half net profit after tax up 240% to $290 million Underlying profit up 48% to $242 million Cash flow up over 190% to $565 million Interim dividend up 20% to 18 cents per share Revised 2005 production forecast of 55 mmboe – up 17% on 2004…
A signing ceremony in Darwin overnight has executed the sales gas agreement for the US$3.3 billion Bayu-Undan project in the Timor Sea. Santos is the only Australian-owned company involved in this world-class condensate, LPG and LNG project with a 10.6% interest. The agreement was signed by Darwin LNG Pty Ltd, the company representing the Bayu-Undan…
Santos Limited has progressed its growth strategy with the announcement today of the Group’s first exploration venture in central Asia. Santos subsidiary, Santos International Operations Pty Ltd, has entered into a conditional letter agreement with ASX listed Caspian Oil and Gas Limited (Caspian) to execute a phased farm-in under which Santos will earn an 80%…
Santos Limited, as operator of the VIC/P44 joint venture, confirms that a new gas field has been discovered in the offshore Otway Basin, Victoria, with the drilling of the Henry 1 wildcat exploration well. Overnight analysis of gas samples acquired by wireline logging has confirmed that the gas is good quality with a similar composition…
Record second quarter sales revenue reported today by Santos Limited has driven the Australian oil and gas group’s first half revenue above $1 billion for the first time. Total sales revenue for the three months to 30 June 2005 was a record $553 million – a 19% increase on $466 million in the first quarter…
Santos Limited has further expanded its oil and gas exploration acreage in the Sorell Basin, offshore Tasmania. The Company has been awarded a permit by the Commonwealth and Tasmanian governments to explore for oil and gas in Block T/40P, located 100 kilometres off Tasmania’s north western coast. The new permit area, covering approximately 3155 square…
Further to the announcement from Santos Limited (“Santos”) dated 1 July 2005 regarding the proposed acquisition of Tipperary Corporation (“Tipperary”) and Tipperary Oil and Gas Australia Pty Ltd (“TOGA”), Santos today announced that it has entered into a definitive agreement with Slough Estates plc, the parent company of Slough Estates USA, Inc. (“Slough”) to accelerate…
Santos Limited (Santos) today announced that it has been awarded an exploration block in the Arab Republic of Egypt as part of a joint venture with affiliates of Devon Energy Corporation (Devon) and Teikoku Oil Company (Teikoku). The joint venture, in which Santos has a 25% interest, has been awarded the onshore North Qarun Block…
Santos Limited is pleased to confirm that an application has been made to the Victorian government for a production licence over the Kipper gas field in Bass Strait, offshore eastern Victoria. This application follows the resolution of access arrangements for the processing of the gas and liquids from the Kipper field through Esso and BHPB…
Santos Limited has adopted the Australian equivalent of the International Financial Reporting Standards (“A-IFRS”) as from 1 January 2005, as required by all Australian companies. “The adoption of A-IFRS is a major step towards standardising accounting practices around the world, which will provide enhanced transparency and increased comparability between companies,” said Mr Peter Wasow, Santos’…
Santos Limited announces that it is delisting from the New Zealand Stock Exchange from the close of trading (New Zealand time) on 30 June 2005. This will result in the cessation of Santos’ securities on that exchange. Existing New Zealand shareholders will not be detrimentally impacted by the change. All shares will continue to be…
Santos Limited today announced the signing of a long-term contract for the sale of gas from its 75% owned Maleo field in Indonesia to PT Perusahaan Gas Negara (PGN). Santos (Madura Offshore) Pty Ltd, a wholly-owned Santos subsidiary and operator of the Madura Offshore PSC, has contracted to sell the entire reserves of the Maleo…
Santos Limited is in a stronger growth position now than at any time in its history, the Company’s Chairman, Mr Stephen Gerlach, told shareholders at today’s annual general meeting in Adelaide. As part of its ongoing expansion strategy, Santos also today announced a further significant increase in its 2005 oil and gas exploration program in…
Santos Limited today reported higher production, sales volumes and revenue for the opening quarter of 2005, reflecting improved results across most areas and recovery from the Moomba incident which occurred on 1 January 2004. Total production for the three months ended 31 March 2005 was 12.5 million barrels of oil equivalent (mmboe) compared with 9.7…
Santos Limited and its joint venture partners are pleased to announce the development go-ahead for the Oyong oil and gas field following approval granted by the Indonesian government. This is Santos’ first operated offshore oil and gas development in Indonesia. The Oyong field is located in the Sampang Production Sharing Contract area, offshore East Java,…
Santos Limited, on behalf of the VIC/P44 joint venture, announces that the $200 million Casino development, offshore southern Australia, has been awarded a production licence by the Victorian Government. The VIC/L24 production licence, awarded by the Department of Primary Industries, Victoria clears a major regulatory hurdle and will help to ensure that production commences on…
The Santos website www.santos.com has won an Adelaide Advertising and Design Club Award for excellence in design. The AADC (formerly the Adelaide Art Directors Club) has been established for nearly 30 years to promote and maintain high standards in the fields of South Australian advertising and design. The award, which was judged by leading interstate…
Santos’ 2005 exploration program is the most prospective since the Company’s inception half a century ago, according to Managing Director, Mr John Ellice-Flint. Mr Ellice-Flint’s upbeat outlook for the year ahead – a period in which Santos for the first time will drill more wildcat wells overseas than in Australia – is contained in the…
On 23 February 2005 Santos announced a final dividend of eighteen cents per share (fully franked) would be paid on 31 March 2005 to shareholders on record at 4 March 2005. It also announced that the DRP would be in operation for this dividend and DRP shares would be issued at the arithmetic average of…
2004 Annual Report
Santos Limited today announced higher sales revenue, profit and dividend for the year ended 31 December 2004. Full year earnings before interest and tax (EBIT) improved by 23% to $574 million compared with $466 million in 2003. Net profit rose by 16% to $380 million from $327 million on Group sales revenue that rose 2.5%…
Santos Limited, (Santos) today announced the appointment of Mr Kenneth Dean and Mr Christopher Recny to its Board of Directors. Mr Kenneth Dean, 52, has extensive financial experience in the international petroleum industry and is Chief Executive Officer, Shell Financial Services for Shell International in London. During his 30 year career with Shell, Mr Dean…
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