Santos Limited has appointed Mr Gary Christenson as President of its expanding Indonesian operations. Mr Christenson, who will be based in Jakarta, will be responsible for Santos’ Indonesian operations which are the focus of an increasing exploration program and in recent weeks have yielded the Jeruk oil discovery and the Kutei Basin gas find. He…
2004 Full Year Report incorporating Appendix 4E
Santos reserves replacement at 121% in 2004 Santos Limited announces that, during 2004, replacement of proven reserves exceeded total group production for the third year in a row. The oil and gas group’s replacement rate for proven reserves over the last three years has averaged 130%, a significant improvement on previous performance. Increases in proven…
Santos Limited advises that oil and gas has been discovered at the Hiu Aman 1 well being drilled by the operator, Unocal Donggala Ltd, in the Donggala Production Sharing Contract area (PSC) in the Kutei Basin, offshore Indonesia. The well reached total depth (TD) of 4039 metres in 14 days. Interpretation of the LWD and…
Santos Limited today announced a 25 well, high-impact exploration program for 2005. The Company will invest a total of $153 million testing prospects within its expanding domestic and international exploration portfolio – up 21% from the $126 million spent on exploration in 2004. Oil is the main focus of the 2005 program with most activity…
See attached the transcript from Santos MD on Assessment of Jeruk Discovery
Santos Limited today announced record total sales revenue of $1,500 million for the 12 months to 31 December 2004. The record revenue reflected higher average prices across most products and was achieved despite lower production for much of the year that was largely related to the incident at Moomba on 1 January 2004. Fourth quarter…
Santos Limited (Santos) advises that testing operations conducted by its wholly owned subsidiary, Santos (Sampang) Pty Ltd, have been completed on the Jeruk 2 wellbore and the well will now be suspended for re-entry at a later date. This decision follows analysis of data from the open-hole Drill Stem Test (DST) 3 conducted during the…
Santos Limited advises that the Company’s Dividend Reinvestment Plan (DRP) has been recommenced as of 1 January 2005. The plan enables investors to increase their shareholdings in the Company without brokerage. Santos’ Chairman Stephen Gerlach said the reintroduction of the DRP reflected demand from shareholders generally. “The recommencement has seen Santos join 33 of Australia’s…
Santos Limited (Santos) today released its first public review which provides details of the social, environmental and economic impacts, or “sustainability factors”, of its day-to-day operations. Titled First Steps, Sustainability Review 2004, the review outlines a framework by which Santos will measure its future sustainability performance. As the basis for its maiden review, Santos used…
Santos Limited, on behalf of the VIC/P44 joint venture, has announced that the $200 million Casino development, offshore Victoria, has been granted formal environmental approval by the Commonwealth Government. Approval was granted under the Environment Protection and Biodiversity Conservation Act 1999 by the Commonwealth Department of Environment and Heritage to develop the Casino gas field…
Santos Limited (Santos) advises that the Australian Stock Exchange (ASX) has granted Santos a waiver from Listing Rule 7.1 to permit Santos to calculate the number of equity securities that it may issue without prior shareholder approval following the issue of the franked, unsecured, equity-listed securities (FUELS) and the buyback, redemption, and cancellation of reset…
Santos Limited, on behalf of its wholly owned subsidiary, Santos (Donggala) Pty Ltd (Santos), announces that it has entered into agreements with Total and Inpex whereby Santos will obtain both companies’ entire equity interests in the Donggala Production Sharing Contract (PSC) in the Kutei Basin, offshore Indonesia. Under the agreement, Santos will take up a…
Santos Limited today reported that production continued to improve in the latest September quarter, following the full recommissioning of the Moomba plant during the period and new production from Bayu-Undan. Production has increased strongly with third quarter production up by 12%, and revenue up 26% compared with the second quarter to 30 June 2004. Revenue…
Santos Limited advises that oil and gas have flowed from its Jeruk 2 ST-2 well being drilled in the Sampang Production Sharing Contract, offshore East Java. An open-hole Drill Stem Test (DST) was performed in the well during Saturday 16th and Sunday 17th of October 2004. The test was performed over an 18 metre interval…
Santos Limited (Santos) and the Mitsui & Co, Ltd (Mitsui) subsidiary, Mittwell have joined forces again to explore for oil and gas – this time in another part of the offshore Otway Basin, southern Australia. Santos announced today that Mittwell Energy Resources Pty Ltd, already a joint venture partner in the $200 million Casino gas…
Santos Ltd (Santos), Australia Worldwide Exploration Limited (AWE) and Mitsui & Co, Ltd (Mitsui) today announced the formal go-ahead for the development of a new Australian gas field – the Casino project in the offshore Otway Basin, Victoria. The $200 million development approval follows the granting of the necessary Board approvals to commit to the…
Santos Limited today announced that the Dividend Rate for its Franked Unsecured Equity Listed Securities (FUELS) will be 4.9128% per annum, for the Dividend Period from 1 October 2004 until 31 March 2005. After incorporating the value of expected franking credits, the grossed-up Dividend Rate equates to 7.0183%% per annum for the Dividend Period. According…
Santos Limited (Santos) is pleased to advise that the FUELS capital management program announced last month by the Company has closed oversubscribed, raising $600 million. Funds raised by the issue of the franked, unsecured, equity-listed securities (FUELS) will be used in the $350 million redemption and buyback of existing Reset Convertible Preference Shares (Resets) and…
On 7 June Santos Limited (Santos) announced that it had reached an agreement with Medco Energi Internasional Tbk (Medco) to acquire part of Novus Petroleum Limited’s (Novus) Indonesian interests and all of Novus’ Cooper Basin interests, subject to certain conditions. Santos announces that it has today executed formal agreements with Medco consistent with the previously…
Santos Limited is pleased to announce the appointment of Mr Martyn Eames to the newly created position of Vice President, Corporate and People, effective December 1 2004. Martyn currently holds the position of Vice President, Strategy and Business Planning with BP Angola, a major growth business in BP’s upstream portfolio. His career spans over 25…
Santos Limited (Santos) today announced that it has extended the following dates, in order to give Santos Reset Convertible Preference Share (Reset) holders more time to participate in the on-market buyback and to consider their options under the Resets redemption and buyback. Resets Redemption and Buyback New Date Previous Date Last date for lodging sell…
On 24 August 2004, Santos Limited (Santos) announced an offer of a new class of preference shares called FUELS (Franked Unsecured Equity Listed Securities) to raise $500 million with the ability to accept oversubscriptions. A Prospectus for the FUELS issue was lodged with the Australian Securities and Investments Commission (ASIC) on that date. The Prospectus…
As announced by Santos Ltd on Tuesday August 24, an Institutional Bookbuild was to open on Friday August 27 and close on Monday August 30 to set the Margin for the proposed issue of FUELS (Franked Unsecured Equity Listed Securities). Due to the strong interest shown by investors since the announcement of the offer, Santos…
Moomba incident affects Santos first half profit (includes corrected dividend table) Santos Limited’s after-tax net profit was $86.5 million in the six months ended 30 June 2004 compared with $135.6 million in the previous corresponding period. As expected, the profit downturn was due to the loss of production caused by the Moomba incident in January…
Santos Limited today announced an offer of Franked Unsecured Equity Listed Securities (FUELS) and the redemption and buyback of its existing Reset Convertible Preference Shares (Resets). The offer of FUELS which are non-cumulative, redeemable and convertible preference shares, is for $500 million. The redemption and buyback of Resets will be for all outstanding Resets with…
A PDF of the 2004 Interim Results presentation can be viewed at the following link.
Please see attached the official transcript fof the 2004 Half Year Results conference call.
A PDF of the 2004 Interim Results presentation speaking notes can be viewed at the following link.
Santos Limited today announced that it will expand its offshore Victorian gas interests having agreed to increase to 50% its equity interests in both the Patricia Baleen and the Sole gas fields in offshore Victoria. Santos will obtain from Trinity Gas Resources Pty Ltd (TGR) an additional 30% interest in the Patricia Baleen gas field…
690 / 890
Load more