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

Santos advises that it expects to recognise a non-cash impairment charge of approximately $1.6 billion after tax in its 2014 full-year accounts. The impairment charge reflects the lower oil price environment and is a non-cash accounting adjustment that relates to the historical book value of the company’s assets. Impairment outcomes are subject to finalisation of…

Strong quarterly production, record sales revenue and appraisal success at Barossa Santos today announced company records for sales revenue in both the quarter ($1.1 billion) and the full year ($4 billion), reflecting the successful ramp-up of production from the PNG LNG project as well as higher Cooper Basin production. Fourth quarter production of 15.1 mmboe…

A locally made bicycle measuring 41.9 metres and carrying 20 passengers will this Saturday (17 January 2015) attempt to ride its way into the Guinness Book of Records and become the world’s longest bicycle. The attempt will take place on Rundle Road, Adelaide CBD (between East Terrace and Dequetteville Terrace) at 10 am.The bike will…

Santos today announced that it had secured an additional 3-year, $1 billion bilateral bank loan facility. The new facility with ANZ Banking Group significantly enhances Santos’ liquidity profile and financial flexibility at attractive funding costs. Santos Chief Financial Officer Andrew Seaton said that the facility further strengthens Santos’ conservative liquidity profile. “This facility provides a…

Santos has today reduced its projected 2015 capital expenditure to $2.0 billion from the previous guidance of $2.7 billion. Making the announcement, Santos Managing Director & Chief Executive Officer David Knox reaffirmed the strength of Santos’ financial position notwithstanding the substantial fall in the oil price and the company’s share price in recent weeks. “We…

Santos notes that Standard & Poor’s Ratings Services (S&P) has revised its long term senior unsecured credit rating for Santos from BBB+ (negative outlook) to BBB (negative outlook). Santos Chief Financial Officer Andrew Seaton said that Santos retained an investment grade credit rating from S&P. “Santos has a robust funding position, with approximately $2 billion…

At its Investor Seminar on 26 November 2014, Santos noted it was considering a potential European hybrid issue, subject to acceptable market conditions. Since that date, the oil market has experienced considerable volatility following OPEC’s announcement that it would maintain existing production levels. In response to this marked change in market conditions, Santos has decided…

Santos this morning delivered the 2014 investor presentation in Sydney.

The synthesis report released by the Intergovernmental Panel on Climate Change (IPCC) this week provides not only a reminder of the need for global action to address climate change but also of the important role that natural gas will play in the transition to a low carbon economy. Its report states there is robust evidence…

Santos has been inducted as a National Trust Corporate Icon in recognition of its outstanding contribution to South Australia. The Governor of South Australia, His Excellency The Honourable Hieu van Le AO, as National Trust Patron-in Chief, presented the award at a gala dinner to commemorate Santos’ 60th Anniversary held at the Adelaide Oval last…

Santos Chairman, Ken Borda, today announced the appointment of Yasmin Allen to the Santos Board as an independent non-executive director, effective 22 October 2014. Ms Allen has more than 20 years experience in finance and investment banking, including senior roles at Deutsche Bank AG, ANZ and HSBC Group Plc. Ms Allen is a director of…

Highest Santos quarterly production in seven years Santos today announced the highest quarterly production in seven years, with production of 14.0 mmboe – 9% above the previous quarter. Sales revenue of $1,060 million for the quarter increased 9% on the previous quarter and is up 16% compared to the first nine months of 2013. Santos…

Presentation by Peter Cleary, Vice President LNG Markets and Eastern Australia Commerical at the Australia-Japan Joint Business Conference in Darwin 13 October 2014.

There has been much noise recently around the divestment debate, and what defines a company’s credibility on acting in an environmental, sustainable and socially responsible manner. The debate around the environment and climate change is an important one and as such, it needs to be based on science and facts rather than emotion and spin.…

Santos today released its 2014 first-half shareholder update, containing first-half financial and operating highlights.
View the shareholder update online here.

This notice is given by Santos Limited (ABN 80 007 550 923) (ASX code: STO) (Santos). Santos announces today that it has issued: 5,405,704 fully paid ordinary shares at a price of A$7.4192 per share to participants in the DRP for the 2014 final dividend; and 14,270,511 fully paid ordinary shares at a price of…

Presentation given at CLSA investors’ forum in Hong Kong on 15 – 16 September 2014.

Santos reports $258 million underlying first-half profit and 33% increase in interim dividend Santos today announced a higher first half underlying profit after tax and a significant increase in the interim dividend following the successful start-up of the PNG LNG project, which commenced production ahead of schedule in April. Santos Chairman, Ken Borda, said the…

2014 Half Year Results Presentation

2014 Half Year Report incorporating Appendix 4D

PNG LNG start-up drives stronger second quarter production Santos today announced higher second quarter production and a significant jump in sales revenue following the successful start-up of the PNG LNG project, which commenced production in April of this year ahead of schedule. The quarter’s production of 12.8 mmboe was an increase of 5% compared to…

Santos today announced that oil production has commenced from the Dua oil project, offshore Vietnam. Sanctioned in August 2012, Dua is a three-well subsea tie-back to the existing Chim Sáo facilities located in Block 12W in the Nam Con Son Basin. The gross production rate from the Dua wells is estimated to average 8,000 barrels…

2014 June Investor Roadshow Presentation

Address by David Knox – Managing Director and CEO, Santos to Brisbane Mining Club on 5 June, 2014

Presentation by Peter Cleary, Santos Vice President LNG Markets and Eastern Australia Commercial to the 8th Asian LNG Summit 2014 in Beijing on 27 May, 2014.

The 2014 Annual General Meeting was held in Adelaide today. The Addresses of the Chairman and the Managing Director, and the statement of the Managing Director in relation to the shareholder requisitioned resolution, are available below.

In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise details of the resolutions and the proxies received in respect of each resolution as set out in the attached proxy summary and poll results.

Presentation by Santos Managing Director David Knox to the 2014 Macquarie Australia Conference in Sydney on 8 May 2014.