Category: <span>Papua New Guinea</span>

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…

Presentation by Santos Managing Director and Chief Executive Officer David Knox to the 2015 Macquarie Australia Conference in Sydney on 7 May 2015.

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 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 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…

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…

2014 Full Year Report incorporating Appendix 4E

Santos advises that it expects to recognise a non-cash impairment charge of approximately $1.6 billion after tax in its 2014 full-year accounts. The impairment charge reflects the lower oil price environment and is a non-cash accounting adjustment that relates to the historical book value of the company’s assets. Impairment outcomes are subject to finalisation of…

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…

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.

The synthesis report released by the Intergovernmental Panel on Climate Change (IPCC) this week provides not only a reminder of the need for global action to address climate change but also of the important role that natural gas will play in the transition to a low carbon economy. Its report states there is robust evidence…

Santos has been inducted as a National Trust Corporate Icon in recognition of its outstanding contribution to South Australia. The Governor of South Australia, His Excellency The Honourable Hieu van Le AO, as National Trust Patron-in Chief, presented the award at a gala dinner to commemorate Santos’ 60th Anniversary held at the Adelaide Oval last…

Santos Chairman, Ken Borda, today announced the appointment of Yasmin Allen to the Santos Board as an independent non-executive director, effective 22 October 2014. Ms Allen has more than 20 years experience in finance and investment banking, including senior roles at Deutsche Bank AG, ANZ and HSBC Group Plc. Ms Allen is a director of…

Highest Santos quarterly production in seven years Santos today announced the highest quarterly production in seven years, with production of 14.0 mmboe – 9% above the previous quarter. Sales revenue of $1,060 million for the quarter increased 9% on the previous quarter and is up 16% compared to the first nine months of 2013. Santos…

Presentation by Peter Cleary, Vice President LNG Markets and Eastern Australia Commerical at the Australia-Japan Joint Business Conference in Darwin 13 October 2014.

There has been much noise recently around the divestment debate, and what defines a company’s credibility on acting in an environmental, sustainable and socially responsible manner. The debate around the environment and climate change is an important one and as such, it needs to be based on science and facts rather than emotion and spin.…

Santos today released its 2014 first-half shareholder update, containing first-half financial and operating highlights.
View the shareholder update online here.

This notice is given by Santos Limited (ABN 80 007 550 923) (ASX code: STO) (Santos). Santos announces today that it has issued: 5,405,704 fully paid ordinary shares at a price of A$7.4192 per share to participants in the DRP for the 2014 final dividend; and 14,270,511 fully paid ordinary shares at a price of…

Presentation given at CLSA investors’ forum in Hong Kong on 15 – 16 September 2014.

Santos reports $258 million underlying first-half profit and 33% increase in interim dividend Santos today announced a higher first half underlying profit after tax and a significant increase in the interim dividend following the successful start-up of the PNG LNG project, which commenced production ahead of schedule in April. Santos Chairman, Ken Borda, said the…