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

Production in-line with 2007 guidance and within 3% of record 2006 levels Positively impacted by the start-up of Oyong oil production, negatively impacted by planned maintenance shutdowns at the Bayu-Undan and Moomba processing facilities and lower oil production from the Mutineer-Exeter fields. Higher realised gas prices The 2007 average portfolio gas price of $3.95 was…

Media enquiries Investor enquiriesMatthew Doman Andrew Seaton+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5157 / +61 (0) 410 431 004matthew.doman@santos.com andrew.seaton@santos.com The South Jakarta District Court yesterday handed down its decision in the proceedings brought by the Indonesian Forum for the Environment (WALHI) in relation to the Sidoarjo mud…

Media enquiries Investor enquiriesMatthew Doman Andrew Seaton+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5157 / +61 (0) 410 431 004matthew.doman@santos.com andrew.seaton@santos.com Santos today welcomed the announcement by ExxonMobil Australia and BHP Billiton that the Kipper Gas Project in Bass Strait has been approved for development. The Kipper gas field…

Media enquiries Investor enquiriesMatthew Doman Andrew Seaton+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5157 / +61 (0) 410 431 004matthew.doman@santos.com andrew.seaton@santos.com Santos, on behalf of the Vic/P44 joint venture, today announced the formal sanction of the Henry gas field development project, located offshore Port Campbell in Victoria. The Henry…

Media enquiries Investor enquiriesMatthew Doman Andrew Seaton+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5157 / +61 (0) 410 431 004matthew.doman@santos.com andrew.seaton@santos.com Santos advises that the Mutineer-13 appraisal well has reached its total depth and will now be plugged and abandoned, with the primary reservoir objective intersected low to prognosis…

Media enquiries Investor enquiriesMatthew Doman Andrew Seaton+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5157 / +61 (0) 410 431 004matthew.doman@santos.com andrew.seaton@santos.com Santos today announced that it has acquired various assets in Bangladesh, including a 37.5% interest in the Sangu gas field and a portfolio of exploration acreage from Cairn…

Santos today announced third quarter production of 15.0 million barrels of oil equivalent (mmboe), 10% lower than the previous corresponding period and 4% lower than the second quarter of 2007. This primarily reflects lower Cooper Basin gas production due to natural field decline, lower oil production from the Mutineer-Exeter field due to equipment failure which…

Santos today announced that oil production has commenced from the Oyong field in the Sampang PSC, approximately 70 km east of Surabaya in Indonesia. After an initial ramp-up period, gross oil production rates are expected to stabilise at between 8,000 and 10,000 barrels of oil per day. “First oil production from Oyong is an important…

Financial Highlights Production of 30.1 mmboe, a record for the company Sales revenue of $1,215 million, impacted by the higher Australian dollar EBITDAX of $964 million Underlying net profit after tax of $305 million Reported net profit after tax of $262 million Interim dividend of 20 cents per share Santos today reported underlying net profit…

Santos has released its 2007 Half Year Results Presentation.

Santos released its 2007 Half Year Report incorporating Appendix 4D.

Record second quarter production Santos today announced record second quarter production of 15.6 million barrels of oil equivalent (mmboe) for the period to 30 June 2007, an increase of 4.7% over the previous corresponding period and 7.6% higher than the first quarter of 2007. Production for the opening six months of 2007 increased to 30.1…

Media enquiries Investor enquiriesKathryn Mitchell Andrew Seaton+61 8 8116 5260 / +61 (0) 407 979 982 +61 8 8116 5157 / +61 (0) 410 431 004kathryn.mitchell@santos.com andrew.seaton@santos.com Santos notes the release made by Gulf Petroleum Ltd in relation to the sale of Santos’ US assets. Santos has entered into agreements to sell its exploration and…

Media enquiries Investor enquiriesKathryn Mitchell Brooke Pedersen+61 8116 5260 / +61 (0) 407 979 982 +61 8 8116 7227 / +61 (0)400 251 261kathryn.mitchell@santos.com brooke.pedersen@santos.com Mr David Knox will join Santos to take up the newly created executive position as Executive Vice President, Growth Businesses. Mr Knox, 49, has extensive global experience in the petroleum…

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 Price1 $14.1349 Buy-back discount 14% Buy-back price $12.16 Capital component $2.79 Fully franked dividend component $9.37 Tax value $13.22 Shares bought back 24.7 million Percentage of issued ordinary capital…

The Market Price for Santos’ off-market share buy-back (as defined in the Buy-Back booklet) is $14.1349. On this basis, the tender discounts are equivalent to the following tender prices (rounded to the nearest cent): Tender discount Tender price 14% $12.16 13% $12.30 12% $12.44 11% $12.58 10% $12.72 9% $12.86 8% $13.00 The results of…

Santos today announced that following discussions with the Australian Taxation Office (ATO), it has varied the methodology for calculating the Tax Value for the purpose of its off-market share 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 tax purposes…

Media enquiries Investor enquiriesChristian Bennett Andrew Seaton+61 8 8116 5155 / +61 (0) 400 686 106 +61 8 8116 5157 / +61 (0) 410 431 004christian.bennett@santos.com andrew.seaton@santos.com Santos has today lodged its formal submission in response to the South Australian Government’s review of the Santos (Regulation of Shareholdings) Act 1989 which was announced on 1…

Santos has been recognised for its high standards of corporate reporting by winning its second Gold Award at the 57th Australasian Reporting Awards. The award recognises the quality of information provided in Santos’ 2006 Annual Report and the level of disclosure about the company’s performance and outlook. To win the Gold Award, Santos had to…

Santos Off-market Share Buy-back Presentation

Santos today announced an off-market buy-back tender for approximately $300 million of ordinary shares. “This initiative reflects our solid balance sheet and cashflow position, combined with the Board’s view that the Company’s shares are being undervalued by the market” said Santos’ Managing Director and Chief Executive Officer, Mr John Ellice Flint. “Directors considered a number…

The Chairman and Managing Director’s Addresses to the 2007 Annual General Meeting held in Adelaide today is attached in the file below.

Santos welcomes today’s decision by the Premier of South Australia, the Honourable Mike Rann MP, to initiate a review of the 15% shareholding restriction that has been in place since 1979. This review is in response to a request made by Santos to the South Australian Government. The outcome of the review is expected to…

2007 first quarter production up by 5% Santos today announced a 5% increase in first quarter production to 14.5 million barrels of oil equivalent, reflecting the start-up of a number of new projects during the past year. This record first quarter production was achieved due to new production from the Bayu-Undan LNG, Maleo gas and…

Santos has won the Australian Petroleum Production and Exploration Association’s Environment Award for research on the interaction between whales and seismic activity. The award recognises the partnership between Santos and Deakin University which has provided a valuable insight into blue whale movements off south-eastern Australia and presented new research on how exploration and whales can…

2006 Annual Report