Santos refers to its ASX Release on 15 May 2018 which made reference to media reports regarding a preliminary agreement between ENN and Harbour Energy (Harbour) which followed an announcement by ENN Ecological Holdings (ENN) to the Shanghai Stock Exchange. ENN has since advised Santos that media reports were not an accurate translation of their…
On 3 April 2018, Santos announced the receipt of an unsolicited, non-binding, indicative and conditional proposal (Harbour Proposal) from Harbour Energy (Harbour) to acquire 100% of Santos shares for US$4.981 per share. Santos agreed to engage further with Harbour and allowed it the opportunity to undertake confirmatory due diligence. Santos notes media speculation that ENN…
Santos today announced the sale of its non-core Asian portfolio to Ophir Energy plc (Ophir) for US$221 million. The sale is consistent with Santos’ strategy to realise value from its late-life non-core assets and will result in Santos making country exits from Vietnam, Indonesia1, Malaysia and Bangladesh. The assets sold to Ophir include the following…
Santos Chairman Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher address the 2018 Santos AGM in Adelaide.
Santos today announced that agreement has been reached with our joint venture partners to enter the front-end engineering and design (FEED) phase for the development of the Barossa project to backfill Darwin LNG (DLNG). Santos Managing Director and Chief Executive Officer, Mr Kevin Gallagher, said “The Barossa FEED decision consolidates its position as the leading…
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ first quarter results highlight the benefits of a diversified portfolio of natural gas assets underpinned by a disciplined operating model focused on cash generation.” “In the first quarter of 2018, we generated $246 million in free cash flow, reduced net debt by 8% to…
Santos welcomes the Northern Territory Government’s decision to implement the prerequisite conditions for recommencement of onshore gas exploration by the end of 2018. The independent Scientific Inquiry into Hydraulic Fracturing has concluded the challenges and risks associated with any onshore shale gas industry in the NT can be appropriately managed. Santos thanks all those from…
The Queensland Government today announced that Santos, along with our GLNG JV partners and APLNG, are the successful bidders for the 86km² PRL2016/17-1A block, located directly west of our Arcadia gas field in the Bowen Basin. EVP Exploration and New Ventures, Bill Ovenden, welcomed the announcement. “Being adjacent to the planned Arcadia project means we…
Santos advises that on 29 March 2018 it received an unsolicited, non-binding, indicative and conditional proposal (“Harbour Proposal”) from a special purpose entity of Harbour Energy Ltd (“Harbour”) for it to acquire 100 per cent of Santos shares by way of a scheme of arrangement. The indicative offer price is US$4.98 per share, which in…
Santos has today released its Notice of Annual General Meeting 2018.
The Santos AGM will be held at the Adelaide Convention Centre on Thursday, 3 May 2018 commencing at 10:00am ACST.
Australia’s offshore petroleum regulator has accepted the Barossa-Caldita Offshore Project Proposal (OPP), a major step in the development approval process. The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has assessed the environmental impacts and risks of petroleum activities over the 25-year life of the Barossa project and accepted the Joint Venture’s project proposal.…
New strategy delivers 433% increase in underlying profit to US$336 million Santos Managing Director and Chief Executive Officer Kevin Gallagher said the company’s full-year results demonstrated a significant turnaround in business performance ahead of plan. “We have removed substantial costs, reported a material increase in underlying profit, generated significant free cash flow and reduced net…
Santos has today released its inaugural Climate Change Report, consistent with the G20 Taskforce on Climate-Related Financial Disclosure guidelines. See link below.
Santos has today released its 2017 Shareholder Review. See link below.
Santos has today released its 2017 Annual Report. See below link.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “In 2017, our turnaround strategy to deliver a low-cost, reliable and high performance business progressed ahead of expectations. Santos is now a stronger, more resilient company with the capacity to execute and bring on-line growth opportunities across its core long-life natural gas assets. “In 2017,…
Santos today entered into an agreement to partially fund and operate a 3D seismic survey over the exciting, undrilled Beehive prospect, earning the company a farm-in option for WA-488-P in the Bonaparte Basin offshore Western Australia. The option will be acquired from Melbourne-based Melbana Energy. WA-488-P is located adjacent to Blacktip production infrastructure and within…
In response to media speculation today, Santos confirms that it is not currently engaged in discussions with, and has not received a current proposal from, Harbour Energy regarding a change of control transaction for Santos. On 14 August 2017 Santos received a confidential, non-binding conditional and indicative proposal from Harbour Energy to acquire all the…
Santos today outlined how its new strategy had transformed the company into a business that generates significant free cash flow in the current oil price environment. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the excellent progress on the Transform-Build-Grow strategy presented to the market…
Santos today announced that Keith Spence will succeed Peter Coates AO as Chairman in February 2018, at which point Mr Coates will retire from the Board. Mr Coates announced his intention to step down from the Board pending the recruitment of his successor at the Company’s AGM in May this year. Mr Spence will join…
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “The company’s third quarter results continue to highlight the value of our disciplined operating model in delivering a low-cost, reliable and high performance business that can generate significant free cash flow in the current oil price environment.” “Compared to the end of 2016, our net…
Santos today announced non-executive director Roy Franklin OBE will retire from the Board effective 30 September 2017.
Mr Franklin has recently been appointed Chairman of Premier Oil plc in the United Kingdom.
Santos Chairman Peter Coates AO thanked Mr Franklin for his 11 years of dedicated service to the Santos Board and shareholders.
Santos has released the 2017 First Half Shareholder Update.
To view this document please click on the link below.
Santos today announced that it has priced a US$800 million senior unsecured fixed rate bond transaction in the US Dollar Regulation S market. The bonds will be issued by Santos Finance Limited, a wholly owned subsidiary of Santos Limited, off the Company’s Euro Medium Term Note Programme (EMTN Programme), dated 30 August 2017. The bonds…
Santos today announced that, together with Origin, it had signed a new agreement continuing its support for the manufacturing industry through the supply of ethane gas to Qenos, Australia’s sole producer of polyethylene and a leading supplier of world class polymers. Under the agreement, Santos and Origin will supply an estimated 27 petajoules to Qenos…
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