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

2005 Full Year Report incorporating Appendix 4E

Santos’ 2005 Profit Doubles Record $762 million net profit – more than double the previous year Underlying net profit up 107% to $639 million Sales revenue up 64% to $2.5 billion Production up 19% to 56 mmboe Operating cash flow up 141% to $1.5 billion Annual dividend increased by 15% to 38 cents per share…

Santos 2005 Full Year Results Presentation

Santos today announced that a record 122 million barrels of oil equivalent (mmboe) of proven (1P) reserves were added through exploration, appraisal, revisions and acquisitions in the year ended 31 December 2005. After allowing for production of 56 mmboe, 1P reserves increased by 66 mmboe to 414 mmboe, up from 348 mmboe at the end…

Media enquiries Investor enquiriesKathryn Mitchell Andrew Seaton+61 8 8218 5260 / +61 (0) 407 979 982 +61 8 8218 5157 / +61 (0) 410 431 004kathryn.mitchell@santos.com andrew.seaton@santos.com Mr Christian Bennett has joined Santos to take up the newly created position of Group Executive, Government Strategy & Media Affairs. Mr Bennett joins Santos from the Department…

Media enquiries Investor enquiriesKathryn Mitchell Andrew Seaton+61 8 8218 5260 / +61 (0) 407 979 982 +61 8 8218 5157 / +61 (0) 410 431 004kathryn.mitchell@santos.com andrew.seaton@santos.com LNG and oil are the focus of a 25 well, high-impact exploration program announced today by Santos for 2006. Total 2006 expenditure across the Company’s Australian and overseas…

Santos 2005 revenue up 64% to record $2.46 billion Santos today announced record sales revenue of $2.46 billion for the 2005 full year, up 64% on the Company’s previous record of $1.5 billion achieved in 2004. The result was driven by a 19% increase in production to 56.0 million barrels of oil equivalent (mmboe) together…

Media enquiries Investor enquiries Kathryn Mitchell Andrew Seaton +61 8 8218 5260/+61 (0) 407 979 982 +61 8 8218 5157/+61 (0) 410 431 004 Kathryn.mitchell@santos.com andrew.seaton@santos.com The Nyari 1 exploration well in the Madura Offshore PSC offshore East Java, Indonesia, has been drilled to a total depth of 3693 metres. The Kujung Formation was intersected,…

Santos today held its 2005 Investor Seminar in Adelaide outlining that its strategy is delivering together with the Company’s outlook for future growth drivers. A full set of the presentation slides has been lodged with the Australian Stock Exchange and is available on the Santos website in the Presentations section of the Investor Centre. Presentations…

Santos Limited today reported record third quarter sales revenue of $764 million, driven by a 15% year on year increase in production to 14.9 million barrels of oil equivalent. The third quarter revenue was 38% higher than the previous record of $553 million in the second quarter of 2005, and up 82% on the third…

Santos Limited advises that it will change the way it reports on exploration and delineation drilling activity. Effective immediately, Santos will report on actual drilling results, together with planned upcoming wells, as part of its quarterly activity reports which are lodged with the Australian Stock Exchange (ASX). Weekly drilling reports will no longer be issued.…

Investor Update – UK/US Investor Presentation

On 30 September 2005 Santos will pay a fully franked interim dividend of 18 cents per share to shareholders on record as at 6 September 2005. For the purposes of the Dividend Reinvestment Plan (DRP) the average market price for the issue of DRP shares is $11.054929. Under the terms of the DRP, the average…

Santos reports first half profit of $290 million First half net profit after tax up 240% to $290 million Underlying profit up 48% to $242 million Cash flow up over 190% to $565 million Interim dividend up 20% to 18 cents per share Revised 2005 production forecast of 55 mmboe – up 17% on 2004…

2005 Half Year Results Presentation

Santos Limited has progressed its growth strategy with the announcement today of the Group’s first exploration venture in central Asia. Santos subsidiary, Santos International Operations Pty Ltd, has entered into a conditional letter agreement with ASX listed Caspian Oil and Gas Limited (Caspian) to execute a phased farm-in under which Santos will earn an 80%…

Santos Limited, as operator of the VIC/P44 joint venture, confirms that a new gas field has been discovered in the offshore Otway Basin, Victoria, with the drilling of the Henry 1 wildcat exploration well. Overnight analysis of gas samples acquired by wireline logging has confirmed that the gas is good quality with a similar composition…

Record second quarter sales revenue reported today by Santos Limited has driven the Australian oil and gas group’s first half revenue above $1 billion for the first time. Total sales revenue for the three months to 30 June 2005 was a record $553 million – a 19% increase on $466 million in the first quarter…

Santos Limited has further expanded its oil and gas exploration acreage in the Sorell Basin, offshore Tasmania. The Company has been awarded a permit by the Commonwealth and Tasmanian governments to explore for oil and gas in Block T/40P, located 100 kilometres off Tasmania’s north western coast. The new permit area, covering approximately 3155 square…

Further to the announcement from Santos Limited (“Santos”) dated 1 July 2005 regarding the proposed acquisition of Tipperary Corporation (“Tipperary”) and Tipperary Oil and Gas Australia Pty Ltd (“TOGA”), Santos today announced that it has entered into a definitive agreement with Slough Estates plc, the parent company of Slough Estates USA, Inc. (“Slough”) to accelerate…

Santos Limited (Santos) today announced that it has been awarded an exploration block in the Arab Republic of Egypt as part of a joint venture with affiliates of Devon Energy Corporation (Devon) and Teikoku Oil Company (Teikoku). The joint venture, in which Santos has a 25% interest, has been awarded the onshore North Qarun Block…

Santos Limited is pleased to confirm that an application has been made to the Victorian government for a production licence over the Kipper gas field in Bass Strait, offshore eastern Victoria. This application follows the resolution of access arrangements for the processing of the gas and liquids from the Kipper field through Esso and BHPB…

Santos Limited has adopted the Australian equivalent of the International Financial Reporting Standards (“A-IFRS”) as from 1 January 2005, as required by all Australian companies. “The adoption of A-IFRS is a major step towards standardising accounting practices around the world, which will provide enhanced transparency and increased comparability between companies,” said Mr Peter Wasow, Santos’…

Santos Limited announces that it is delisting from the New Zealand Stock Exchange from the close of trading (New Zealand time) on 30 June 2005. This will result in the cessation of Santos’ securities on that exchange. Existing New Zealand shareholders will not be detrimentally impacted by the change. All shares will continue to be…

Santos Limited is in a stronger growth position now than at any time in its history, the Company’s Chairman, Mr Stephen Gerlach, told shareholders at today’s annual general meeting in Adelaide. As part of its ongoing expansion strategy, Santos also today announced a further significant increase in its 2005 oil and gas exploration program in…

Santos Limited today reported higher production, sales volumes and revenue for the opening quarter of 2005, reflecting improved results across most areas and recovery from the Moomba incident which occurred on 1 January 2004. Total production for the three months ended 31 March 2005 was 12.5 million barrels of oil equivalent (mmboe) compared with 9.7…

Santos Limited and its joint venture partners are pleased to announce the development go-ahead for the Oyong oil and gas field following approval granted by the Indonesian government. This is Santos’ first operated offshore oil and gas development in Indonesia. The Oyong field is located in the Sampang Production Sharing Contract area, offshore East Java,…