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,…
Santos Limited, on behalf of the VIC/P44 joint venture, announces that the $200 million Casino development, offshore southern Australia, has been awarded a production licence by the Victorian Government. The VIC/L24 production licence, awarded by the Department of Primary Industries, Victoria clears a major regulatory hurdle and will help to ensure that production commences on…
The Santos website www.santos.com has won an Adelaide Advertising and Design Club Award for excellence in design. The AADC (formerly the Adelaide Art Directors Club) has been established for nearly 30 years to promote and maintain high standards in the fields of South Australian advertising and design. The award, which was judged by leading interstate…
Santos’ 2005 exploration program is the most prospective since the Company’s inception half a century ago, according to Managing Director, Mr John Ellice-Flint. Mr Ellice-Flint’s upbeat outlook for the year ahead – a period in which Santos for the first time will drill more wildcat wells overseas than in Australia – is contained in the…
On 23 February 2005 Santos announced a final dividend of eighteen cents per share (fully franked) would be paid on 31 March 2005 to shareholders on record at 4 March 2005. It also announced that the DRP would be in operation for this dividend and DRP shares would be issued at the arithmetic average of…
2004 Annual Report
Santos Limited today announced higher sales revenue, profit and dividend for the year ended 31 December 2004. Full year earnings before interest and tax (EBIT) improved by 23% to $574 million compared with $466 million in 2003. Net profit rose by 16% to $380 million from $327 million on Group sales revenue that rose 2.5%…
Santos Limited, (Santos) today announced the appointment of Mr Kenneth Dean and Mr Christopher Recny to its Board of Directors. Mr Kenneth Dean, 52, has extensive financial experience in the international petroleum industry and is Chief Executive Officer, Shell Financial Services for Shell International in London. During his 30 year career with Shell, Mr Dean…
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…
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