In September 2000 the South Australian Government announced an independent review of the Santos Limited (Regulation of Shareholdings) Act 1989. The Act restricts any one shareholder from having an entitlement to more than 15 per cent of the total number of voting shares in Santos Limited. The Government has informed Santos that it has considered…
Santos Limited announced today the appointment of Ms Kathleen (Kathy) Hogenson as the General Manager and President of its USA subsidiary (Santos USA Corp). In this position, Kathy will be responsible for the growth strategy of Santos’ USA activities including the evaluation/development of, and further exploration arising from, the 2000 discoveries at Ashland Deep (Runnells)…
Esenjay Exploration Inc., the Operator of the Runnells-5 well in which Santos USA Corp. has a 30% interest, reported that the Runnells-5 well has logged approximately 100 feet of net natural gas pay. The well is a delineation well in an apparent separate fault block from the Runnells-3 discovery, a significant deep geopressured Frio discovery…
Santos Limited, as Operator for PEP 154 is pleased to announce its fifth gas discovery in the Victorian section of the Otway Basin in 2001. The exploration wildcat well Naylor 1 has intersected a potential 84 metre gross gas column in the Cretaceous Waarre Sandstone over the interval 2028 metres to 2112 metres. Wireline logs…
Santos says it is aiming to lift its performance to equal that of the top 25% of world oil and gas companies by the end of 2003. In presenting the outcome of a three-month strategy review, Santos’ Managing Director John Ellice-Flint said, “Santos’ performance has been around the middle of the pack over the last…
Santos Limited, as Operator for PEP 154 is pleased to announce its fourth new field discovery in the Victorian section of the Otway Basin in 2001. The exploration wildcat well Lavers 1 has intersected an 11 metre gross gas column in the Cretaceous Waarre Sandstone over the interval 1542 metres to 1553 metres. Wireline logs…
First Quarter Highlights The following results were achieved compared with the 2000 first quarter: Sales of gas and ethane increased to a new first quarter record of 50 petajoules. Gas and ethane production increased by 0.8% to 51.7 petajoules. Crude oil production fell by 0.7 million barrels, mainly due to shut-ins, with sales also impacted…
Santos Limited, as Operator for PEP 154 is pleased to announce its third new field discovery in the Victorian section of the Otway Basin in 2001. The exploration wildcat well Croft 1 has intersected a 60 metres gross gas column in the Cretaceous Waarre Sandstone over the interval 2025 metres to 2085 metres. Wireline logs…
Santos Limited today announced that it has discovered a new gas field in the Western District of Victoria, approximately 15 km north west of Port Campbell. The exploration well, Tregony 1, has the longest gas column Santos has encountered in the onshore Otway Basin to date. Based on analogies with existing wells in the immediate…
In response to media reports, Santos Limited states that it has approached both Shell Australia Investments Limited and Woodside Petroleum Limited to discuss alternatives to Shell’s Revised Merger Proposal. Santos has raised the possibility that it may be able to play a part in achieving an outcome that would be mutually beneficial for the shareholders…
Santos Record Full Year Profit Of $487 Million Net profit after tax up 122% to $487 million. Earnings per share a record 80 cents. Final dividend of 25 cents per share comprising a 15 cent ordinary dividend and a 10 cent per share special dividend, both fully franked. Total dividends of 40 cents for 2000,…
2000 Annual Report
The Santos Group, as Operator for PEP 154 announces the discovery of a new gas field in the Victorian section of the Otway Basin. The exploration wildcat well McIntee 1 has intersected a 16.5m net gas column in the Cretaceous Waarre Sandstone over the interval 1539.5m to 1556m. The McIntee 1 well is located 10km…
Fourth Quarter Highlights The following results were achieved compared with the 1999 fourth quarter: Sales revenue increased by 37.5% to a record $393.9 million. Sales volume increased by 9.7% to 13.5 million boe. Production volume increased by 9.8% to 13.4 million boe. The realised oil price received averaged US$29.90 (A$50.30) per barrel [1999: US$24.06 (A$37.45)…
APPOINTMENT OF CHIEF EXECUTIVE AND MANAGING DIRECTOR The Board of Directors of Santos Limited is pleased to announce the immediate appointment of Mr John Ellice-Flint as the Companys Chief Executive Officer and as Managing Director with effect from the date of the Companys next Board Meeting on 19th December 2000. Mr Ellice-Flint is 49, an…
Esenjay Exploration Inc., the Operator of the Runnells 3 well in which Santos USA Corp. has a 30% working interest, today announced a natural gas discovery in the Ashland Deep prospect, in the onshore Texas Gulf coast, 85 miles southwest of Houston, Texas. Runnells #3, a wildcat discovery well, was production tested at an unstimulated…
ANGGUR 1 UPDATE Santos Ltd, on behalf of Santos (Sampang) Pty Ltd, operator of the Sampang Production Sharing Contract (PSC) offshore East Java, provides the following update on the gas blow-out at the Anggur 1 exploration well. The fire on the rig is out, although gas is still escaping from the well bore. Specialist well…
ANGGUR 1 Santos Ltd, on behalf of Santos (Sampang) Pty Ltd, operator of the Sampang Production Sharing Contract (PSC) offshore East Java, announces that there has been a blow-out while drilling the Anggur 1 exploration well. At approximately 15:00 hours local time on 2 November, the well sustained an uncontrollable release of gas while drilling…
Third Quarter Highlights The following results were achieved compared with the 1999 third quarter: Sales revenue increased by 59.4% to $390.8 million (quarterly record) Sales volume increased by 18.5% to 14.7 million boe (quarterly record) Production volume increased by 15.7% to 14.9 million boe (quarterly record) The oil price received averaged US$29.73 (A$48.40) per barrel…
Pursuant to Listing Rule 3.16.1, and confirmatory of advice provided to the Australian Stock Exchange on 13 March 2000, Mr Norman Ross Adler A.O. will retire as Managing Director and as a Director of Santos Ltd, effective 30 September 2000. Pending the appointment of Mr Adlers successor, which appointment is expected to be announced shortly,…
First half performance highlights:Record earnings of $207 million, up 148%. Earnings per share up 147% to a record 34 cents. Operating cash flow up 80% to $440 million. Gearing (net debt to equity) down to 64.5% notwithstanding significant acquisition activity. Santos today announced a record after tax profit for the 2000 first half of $207.0…
This result reflects record first half sales revenue, production and sales volume. Included in this result is an equity accounted loss of $18.7 million on the Companys investment in QCT Resources Ltd. Excluding this investment, Santos recorded earnings of $225.7 million. Operating cash flow increased by 79.6% to $440.3 million. Earnings per share were 34.1…
Second Quarter Highlights The following results were achieved compared with the 1999 second quarter: Sales revenue increased by 63.1% to $376.8 million (quarterly record) Production volume increased by 17.8% to 14.2 million boe (quarterly record) Sales volume increased by 14.1% to 14.6 million boe (quarterly record) The oil price received averaged US$26.53 (A$44.33) per barrel…
The Board of Santos Ltd is pleased to announce that Mr. Stephen Gerlach has been appointed Deputy Chairman of the Board. This appointment follows the announcement made on 5 May 2000, by Mr. John Uhrig AC that he would be retiring as Chairman of the Board at the conclusion of the Companys Annual General Meeting…
STOCK EXCHANGE ANNOUNCEMENT Santos Ltd announces that Mr. John McArdle, Executive General Manager-Commercial and an Executive Director, has expressed his intention to retire from the Company on reaching 55 years of age in July 2001. Mr. McArdle joined Santos in 1982 following a 15 year career with Santos Cooper Basin joint venture associate, Delhi Petroleum…
The Santos Group advises that Chevron Niugini Limited has farmed-in to the PPL 206 permit in Papua New Guinea to acquire an interest of 40%. This permit, which is operated by the Santos Group, is located in the PNG foreland, immediately to the south of the Kutubu oil field. The major lead in the permit…
First Quarter Highlights The following results were achieved compared with the 1999 first quarter: Sales revenue increased by 64.0% to $298.1 million (quarterly record) Sales volume increased by 10.0% to 12.1 million boe (first quarter record) Production volume increased by 5.3% to 12.7 million boe (first quarter record) The average oil price received averaged US$26.25…
The Board of Santos Ltd was informed earlier today that Mr Ross Adler, Managing Director and Chief Executive Officer, intends to retire effective 30th September 2000 for the reasons outlined in his press statement today. Mr Adler joined Santos as Managing Director in October 1984 and was formally appointed Chief Executive on 6th November of…
This is to advise that I have informed the Board of Santos Ltd that I intend to retire as Managing Director and Chief Executive Officer at the end of September 2000 at which time I will have completed nearly 16 years in that role. At the age of 55 I consider that this is an…
1999 Annual Report
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