2018 Appendix 4E
2018 Shareholder Review
2018 Appendix 4G
Santos 2018 Full-Year Results
Santos reports record annual underlying profit of $727 million and record free cash flow of $1,006 million Full-year (US$m) 2018 2017 Change Product sales 3,660 3,100 18% EBITDAX1 2,160 1,428 51% Underlying profit1 727 318 129% Net profit/(loss) after tax 630 (360) nm Free cash flow1 1,006 618 63% Final dividend (UScps) 6.2 – 6.2cps…
Santos boosts operated position across offshore Northern Australia
Santos today announced it had reached an agreement to align the company’s interests, under Santos operatorship, across four exploration permits in the Bonaparte Basin offshore Northern Australia adjacent to a large existing contingent resource. Santos’ position in the Bonaparte Basin already includes an 11.5% interest in the Bayu-Undan gas-condensate field and the Darwin LNG plant,…
Santos recognised at Asia Pacific Energy Awards in Singapore
Santos has been awarded two prestigious international industry honours at the Asia Pacific Energy Awards hosted by the Energy Council in Singapore last night. Managing Director and Chief Executive Officer Kevin Gallagher was awarded APAC Executive of the Year, and Santos’ acquisition of Quadrant Energy in November 2018 was recognised as APAC Deal of the…
2018 Fourth Quarter Activities Report
Record sales revenue and strong production Record quarterly sales revenue of $1,043 million, up 7% and including record quarterly LNG sales revenue of $449 million, up 11% Record annual sales revenue of $3,696 million, up 19% Fourth quarter production up 6% to 15.9 mmboe due to sustained strong performance from the core portfolio and acquisition…
Santos powers the Tour Down Under for another three years
Santos is delighted to announce that it will continue its long and proud association with the Tour Down Under, signing a new three year naming rights sponsorship deal. Santos Managing Director and CEO Kevin Gallagher announced the commitment at the Santos Tour Down Under Legends’ Night Dinner in Adelaide, honouring the stars of the cycling…
Cooking with Gas, Santos breakfast celebrates success of 2019 Women’s Tour Down Under
South Australian celebrity chef Simon Bryant was Cooking with Gas at the Santos building in Adelaide this morning to serve breakfast for more than 100 of the world’s best female cyclists celebrating the success of the 2019 Santos Women’s Tour Down Under. The event celebrated Amanda Spratt’s fantastic win, making it a hat trick at…
Tax Contribution Disclosure 2017
Bayu Undan infill program completed under budget and ahead of schedule
Santos today announced first gas from the third and final well of the Bayu Undan infill well program, and delivery of the whole project under budget and ahead of schedule. A final investment decision was made in January last year as part of the long-term development plan for the Bayu Undan gas/condensate project, located in…
Santos completes acquisition of Quadrant Energy
Santos today announced that it has completed the acquisition of Quadrant Energy (Quadrant). The effective date of the transaction is 1 January 2018. On completion Santos paid an amount of US$1.93 billion, comprising the purchase price of US$2.15 billion less completion adjustments and cash acquired. The completion amount was fully funded from Santos’ existing cash…
ACCC clears way for Quadrant Energy acquisition
Santos announced on 22 August 2018 the proposed acquisition of 100% of Quadrant Energy (Quadrant) for US$2.15 billion plus potential contingent payments. Santos today advised that the condition precedent for completion of the acquisition of Quadrant has been satisfied with the ACCC decision not to oppose the acquisition. Completion is expected to occur within weeks.…
2018 Third Quarter Activities Report
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ third quarter results serve to highlight the benefits of a cash generative core asset portfolio and our low-cost, disciplined Operating Model. During the quarter we paid our first dividend in two and a half years and achieved our net debt target of $2 billion…
Santos targets production of more than 100 mmboe by 2025
Santos today outlined its plans to grow production to more than 100 million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the successful delivery of the Transform-Build-Grow strategy presented to the market…
Santos completes sale of non-core Asian assets
Santos announced in May 2018 the sale of its non-core Asian portfolio to Ophir Energy plc. Santos today advised completion of the sale of the producing assets has occurred.1 Santos has received cash proceeds of US$144 million at completion, which represents the sale price of US$221 million after standard adjustments including net free cash flows…
Santos doubles half-year underlying profit to $217 million and reinstates dividends to shareholders
Santos today announced a doubling of half-year underlying profit to US$217 million and the reinstatement of dividends to shareholders
2018 Half Year Report
View the 2018 Half Year Report incorporating Appendix 4D from the link below
2018 Second Quarter Activities Report
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ strategy has been to establish a low cost operating model that is designed to deliver strong cash flows through the oil price cycle.” “Our second quarter results demonstrate the strength of our diversified portfolio of core assets underpinned by a disciplined operating model and…
Young Indigenous students get a taste of engineering
Young Indigenous students from across Australia are this week benefitting from an interactive engineering camp in Adelaide, as part of a partnership between Santos and the University of Adelaide. A total of 29 students, including 18 female students – from Queensland, the Northern Territory, Western Australia and South Australia – are taking part in the…
Santos announces sustainable dividend policy
In line with Santos’ stated purpose to provide sustainable returns to our shareholders, the Board has approved a new Dividend Policy. Santos will look to pay ordinary dividends that are sustainable through the oil price cycle and will target a range of 10% to 30% payout of free cash flow1 generated per annum. Furthermore, given…
Industry response to domestic gas supply is working, but access to new supply sources is critical
Santos today welcomed the Gas Statement of Opportunities report released by the Australian Energy Market Operator (AEMO), which forecasts a 58 PJ gas surplus in the east coast domestic market in 2019. This surplus is equivalent to 10 per cent of total expected 2019 domestic gas demand. Last year AEMO forecast a 48 PJ gas…
Barossa project awards FEED contracts
Santos today announced further progress on the front end engineering and design (FEED) phase of the Barossa offshore project with the award of three major engineering contracts. Santos Managing Director and Chief Executive Officer, Mr Kevin Gallagher said “These contracts reaffirm Barossa’s position as the leading candidate for Darwin LNG backfill, with no alternative projects…
Santos commits to Aboriginal Power Cup for another 3 years
On the tenth anniversary of sponsoring the Aboriginal Power Cup, Santos has committed to continue its support for this important initiative for another three years. The Aboriginal Power Cup is achieving outstanding results that are directly linked to the “Close the Gap” target of year 12 attainment. The Aboriginal Power Cup is the Port Adelaide…
Santos creates a pathway for Indigenous engineers
Santos has partnered with the University of Adelaide to offer a national Indigenous program that promotes the benefits of a career in engineering. As part of the program, Santos and the University of Adelaide have established the Santos Karnkanthi Indigenous Engineering School, which will provide Aboriginal or Torres Strait Islander students in years 11 or…
Santos rejects Harbour proposal and terminates discussions
On 21 May 2018 Santos received a conditional binding offer from Harbour Energy Ltd (Harbour) to acquire 100 per cent of Santos shares by way of a scheme of arrangement at a cash price of US$5.21 per share (currently equivalent to A$6.861 per share) (Final Proposal). Harbour indicated that it would be willing to increase…
Revised Harbour Energy proposal (1)
Santos advises that on 21 May 2018 it received a revised binding, conditional proposal from Harbour Energy Australia Pty Ltd (Harbour) to acquire 100% of Santos shares by way of a scheme of arrangement for consideration of US$5.21 per share (equivalent to A$6.95 per share based on an exchange rate of 0.75) (Revised Harbour Proposal).…
Revised Harbour Energy proposal
Santos advises that it has received a binding, conditional proposal (Revised Harbour Proposal) from Harbour Energy Australia Pty Ltd (Harbour) to acquire 100% of Santos shares by way of a scheme of arrangement for consideration equivalent to US$4.98 per share. This follows receipt of an indicative and conditional proposal (announced on 3 April 2018) and…
Success in the New Energy Market
Santos CEO, Kevin Gallagher delivered the opening Plenary Address at the 2018 APPEA Conference.
Read the speech here
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