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

Production impacted by Mutineer-Exeter repairs 1Q 2008 production of 13.7 mmboe was significantly impacted by the shutting in of the Mutineer-Exeter FPSO for electrical repairs during the majority of the quarter. The production loss from the equipment failure was 0.2 million barrels. Repairs conducted during February and early March on the FPSO’s electrical slipring turret…

Santos has released it 2007 Annual Report, Sustainability Report and Shareholder Update and its Notice of Annual General Meeting.

Santos today announced that Managing Director and Chief Executive, John Ellice-Flint will step down from his role effective immediately. He will continue with the Company until 30 June 2008 in a consulting capacity. Executive Vice President, David Knox, has been appointed Acting Chief Executive Officer until the completion of an international search for a successor…

Media enquiries Investor enquiriesChristian Bennett Andrew Nairn+61 8 8116 5155 / +61 (0) 400 686 106 +61 8 8116 5314 / +61 (0) 437 166 497christian.bennett@santos.com andrew.nairn@santos.com Santos today announced the appointment of Mr Peter Coates to its Board of Directors, effective immediately. Mr Coates, 62, has more than 40 years international experience in commodities…

2008 Notice of Annual General Meeting

Santos released the 2007 Full Year Report incorporating Appendix 4E.

Financial summary Production of 59.1 mmboe and sales revenue of $2.5 billion, in-line with forecast EBITDAX of $1,733 million, in-line with market consensus Net profit after tax of $441 million down 32%, negatively impacted by higher DD&A and one-off items Final dividend of 20 cents per share, full year dividend unchanged at 40 cents per…

Mr Andrew Nairn has joined Santos to take up the position of Group Executive, Investor Relations. In this role, Mr Nairn will be responsible for managing Santos’ relationships with the broader investment community, to ensure that the Company’s strategies, value drivers and results are understood by investors. Mr Nairn is a finance and investor relations…

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…