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

Santos today announced an increase in its year-end proved and probable (2P) oil and gas reserves of 134 million barrels of oil equivalent (mmboe), taking the company’s total proved and probable reserves past the 1 billion barrel mark. This significant increase in 2008 was driven by a substantial boost in Santos’ coal seam gas reserves…

Production in line with 2008 guidance 2008 production of 54.4 mmboe was within the Company’s guidance range. December quarter production of 13.6 mmboe improved by 3% compared to the September quarter following the reinstatement of production from John Brookes in September. 2008 Cooper Oil production increased by 19% compared to the previous year, even though…

The Board of Santos Limited is pleased to advise that Peter Coates has been appointed Deputy Chairman of the Company. Santos’ Chairman, Stephen Gerlach, said the appointment of Mr Coates to this role was part of the Company’s Board renewal process. “Mr Coates has brought a wealth of international corporate and commercial experience to the…

Santos Brantas Pty Ltd has agreed to transfer its 18% minority interest in the Brantas Production Sharing Contract (Brantas PSC) in Indonesia to Minarak Labuan Co (L) Ltd (Minarak), a company associated with the operator and majority owner of the project, Lapindo Brantas Inc (Lapindo). The transfer has been approved by BPMIGAS, the relevant regulatory…

Santos notes media speculation in relation to its 18% interest in the Brantas Production Sharing Contract in Indonesia. Santos can confirm that discussions are underway with the operator, Lapindo Brantas Inc, regarding a practical and appropriate resolution of Santos’ involvement in the PSC as a minority participant with no operating or controlling rights. These discussions…

Santos today announced the appointment of Ray Betros to the newly created position of Executive Vice President Technical. In his new role, which reports directly to Santos Chief Executive Officer David Knox, Mr Betros will be responsible for driving technical excellence and performance throughout Santos. Mr Betros will commence with Santos in early January. Mr…

Production reinstated at John Brookes September quarter production of 13.2 mmboe was 5% lower than the June quarter of 2008. Following the Varanus Island incident in June, initial production from John Brookes. Recommenced in early August with full production reinstated by early September. Cooper Oil production up 33% compared to the September quarter of 2007.…

Santos announced earlier today the successful completion of its off-market share buy-back of $300 million. The Tax Value of $16.42 was calculated as $17.14, adjusted for the movement in the Oil & Gas Exploration & Production subset of the S&P/ASX 200 Index (not the S&P/ASX 200 Energy Index as previously announced) from the open of…

Santos today announced the successful completion of its off-market share buy-back of $300 million. The outcomes of the buy-back are as follows: Size $300 million Market Price $18.8724 Buy-back discount 14% Buy-back price $16.23 Capital component $2.98 Fully franked dividend component $13.25 Tax Value $16.42 Shares bought back 18.5 million Percentage of issued ordinary capital…

The Market Price for Santos’ off-market share buy-back (as defined in the Buy-Back booklet) is $18.8724. On this basis, the tender discounts are equivalent to the following tender prices (rounded to the nearest cent): Tender discount Tender price 14% $16.23 13% $16.42 12% $16.61 11% $16.80 10% $16.99 9% $17.17 8% $17.36 Santos also advises…

Santos advised earlier today that it had varied the index used to calculate the Tax Value for the purpose of its off-market buy-back (‘Buy-Back’) to the Oil & Gas Exploration & Production industry subset of the S&P/ASX 200 Index (‘Oil & Gas Exploration & Production Index’). Based on the Oil & Gas Production & Exploration…

Santos this morning announced that it was in discussions with the Australian Taxation Office (‘ATO’) to vary the methodology for calculating the Tax Value for the purpose of its off-market share buy-back (‘Buy-Back’). The Tax Value is relevant to Australian resident shareholders participating in the Buy-Back as it impacts the deemed disposal price for Australian…

Santos today announced that it is currently in discussions with the Australian Taxation Office (‘ATO’) to vary the methodology for calculating the Tax Value for the purpose of its off-market share buy-back (‘Buy-Back’). Since the announcement of the Buy-Back, Santos shares have significantly outperformed the S&P/ASX 200 Energy Index, which is currently the adjusting index…

Santos today announced that the dividend rate for its Franked Unsecured Equity Listed Securities (FUELS) will be 6.0142% per annum for the dividend period from and including 30 September 2008 to 30 March 2009. After incorporating the value of expected franking credits, the grossed-up dividend rate equates to 8.5917% per annum for the dividend period.…

On 21 August 2008 Santos announced that a fully franked interim dividend of twenty two cents per share would be paid on 30 September 2008 to shareholders on record as at 2 September 2008. It also announced that the DRP would be in operation for this dividend and DRP shares would be issued at the…

Pursuant to Listing Rule 3.17, I enclose a copy of the Buy-Back booklet and Buy-Back Tender Forms being forwarded to Santos Limited’s (‘Santos’) shareholders in connection with Santos’ current off-market share buy-back scheme.
James Baulderstone
Company Secretary

Santos today announced a capital management strategy comprising the following key initiatives: an off-market share buy-back tender of approximately $300 million; a 10% increase in the interim dividend to 22 cents per share; and the repayment of certain debt facilities. Santos has also announced that the Dividend Reinvestment Plan (DRP) will be in operation for…

Santos has realeased its 2008 Half Year Report incorporating Appendix 4D.

Santos has released its 2008 Half Year Results Presentation.

Highlights Product sales revenue up 14% to a first half record $1,384 million. EBITDAX up 6% to a first half record $1,032 million. Net profit after tax up 58% to $304 million. Underlying net profit after tax up 30% to $289 million. Operating cash flow up 30% to a first half record $699 million. Sale…

Media enquiries Investor enquiriesMatthew Doman Andrew Nairn+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5314 / +61 (0) 437 166 497matthew.doman@santos.com andrew.nairn@santos.com Santos today announced a proposal to construct a nominal 500 MW power station near Orford in western Victoria. The proposed move into power generation reflects Santos’ recognition that…

Santos today announced that David Knox, currently Acting Chief Executive Officer, has been appointed as Chief Executive Officer and Managing Director of Santos, effective immediately. The Chairman of Santos, Stephen Gerlach, said: “We are delighted to appoint David to this role. His performance as Acting CEO has been impressive, and he has clearly demonstrated his…

Production impacted by Mutineer-Exeter workovers and John Brookes shut-in Q2 2008 production of 13.9 mmboe was 0.2 mmboe higher than Q1 2008. Production was impacted by a planned workover campaign on Mutineer-Exeter and the shutin of John Brookes following an incident on Varanus Island on 3 June. Oil production from the Cooper Basin and Indonesia…

2008 Investor Seminar Presentation

Media enquiries Investor enquiriesMatthew Doman Andrew Nairn+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5314 / +61 (0) 437 166 497matthew.doman@santos.com andrew.nairn@santos.com Santos today announced the successful completion of drilling and testing of the Chim Sao North appraisal well (12W-CS-2X) on Block 12W in Vietnam. The target Middle Dua sand…

The Chairman’s and Acting CEO’s Addresses to the 2008 Annual General Meeting held in Adelaide today are attached in the file below.
The transcript of the Chairman’s and Acting CEO’s press conference following the 2008 Annual General Meeting is attached in the file below.