Santos today announced that the PNG LNG Project participants have reached alignment on commercial terms with three major LNG buyers in the Asian region for sales of approximately 4.3 million tonnes per annum. As previously announced, a fourth LNG buyer is awaiting Government approval of key commercial terms for the remaining 2 million tonnes per…
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Santos Limited provides the following market update on key company activities. The market update is provided in the context of the Santos Retail Entitlement Offer which is currently open andcloses at 5:00pm (AEST) on Friday 5 June 2009, and as such, the usual ASX Listing Rule disclosure exceptions are currently not applicable. GLNG®Discussions with an…
Santos announced today that it has executed a conditional agreement to sell its 50.353% operated interest in Petroleum Retention Licence No. 5 (PRL 5) in Papua New Guinea to a wholly owned subsidiary of P3 Global Energy Company Limited, a Thailand-based privately held energy company, for US$20 million. Santos’ interest in PRL 5 is not…
Santos today called for a greater combined role for natural gas and renewable energy in meeting Australia’s future need for reliable, affordable energy while reducing carbon emissions from power generation. In a submission to the Australian Government’s Energy White Paper process, Santos argued Australia’s abundant natural gas resources combined with proven and clean gas-fired power…
Santos today announced that it will spend over $6 million supporting six new initiatives as part of its South Australian Community Fund. Community partners to benefit from the initiatives are the Adelaide Zoo, the Botanic Gardens of Adelaide, the Asthma Foundation of SA, the Starlight Children’s Foundation, Come Out – the Australian Festival for Young…
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Capital to be used to fund PNG LNG Project and FUELS redemption. An opportunity to invest in Santos’ LNG growth strategy PNG LNG project is progressing well; key milestones are being reached. Santos today launched a 2-for-5 accelerated pro-rata non-renounceable entitlement offer at an offer price of A$12.50 per share to raise a minimum of…
Santos’ Managing Director David Knox presented at the 2009 Macquarie Conference in Sydney today.
Chairman’s Address IntroductionSantos made substantial advances in its strategic development and operational performance in 2008.Significant progress on Santos’ liquefied natural gas projects was central to our strategic advancement, while the solid performance of our base businesses in Australia and Indonesia pushed revenue to record levels and drove a 42% increase in underlying profit. At Santos,…
In accordance with Listing Rule 3.13.2 it is advised that the outcome in respect of each resolution put at the above Meeting is as follows:
Quarterly production summary March 2009 quarter production of 13.2 mmboe was 4% lower than the March 2008 quarter, primarily due to the sale of 40% of GLNG® to PETRONAS effective August 2008 combined with natural field decline. Oil production was 2% higher than the corresponding period, mainly due to better performance from assets in Western…
Media enquiriesMatthew Doman+61 8 8116 5260 / +61 (0) 421 888 858 matthew.doman@santos.com Santos will again join communities, business and governments in switching off the lights for one hour at 8.30pm tomorrow in support of the World Wildlife Foundation’s Earth Hour initiative to raise awareness on climate change. Santos Chief Executive Officer David Knox congratulated…
2008 Annual Report
Underlying profit up 42% to $572 million for 2008 PETRONAS partnership leads to record $1.7 billion net profit Good progress on LNG growth strategy Strong balance sheet: $1.6 billion of cash and 10% gearing Santos today announced a strong uplift in underlying net profit of 42% to $572 million after tax for the year ended…
2008 Full Year Results Presentation
Media enquiriesMatthew Doman+61 8 8116 5260 / +61 (0) 421 888 858matthew.doman@santos.com
Santos Chief Executive Officer David Knox, on behalf of all Santos employees, today offered condolences to the families of the victims of the Victorian bushfires.
Santos will donate $500,000 to the 2009 Victorian Bushfire Appeal Fund.
Santos today announced an increase in its year-end proved and probable (2P) oil and gas reserves of 134 million barrels of oil equivalent (mmboe), taking the company’s total proved and probable reserves past the 1 billion barrel mark. This significant increase in 2008 was driven by a substantial boost in Santos’ coal seam gas reserves…
Production in line with 2008 guidance 2008 production of 54.4 mmboe was within the Company’s guidance range. December quarter production of 13.6 mmboe improved by 3% compared to the September quarter following the reinstatement of production from John Brookes in September. 2008 Cooper Oil production increased by 19% compared to the previous year, even though…
The Board of Santos Limited is pleased to advise that Peter Coates has been appointed Deputy Chairman of the Company. Santos’ Chairman, Stephen Gerlach, said the appointment of Mr Coates to this role was part of the Company’s Board renewal process. “Mr Coates has brought a wealth of international corporate and commercial experience to the…
Santos Brantas Pty Ltd has agreed to transfer its 18% minority interest in the Brantas Production Sharing Contract (Brantas PSC) in Indonesia to Minarak Labuan Co (L) Ltd (Minarak), a company associated with the operator and majority owner of the project, Lapindo Brantas Inc (Lapindo). The transfer has been approved by BPMIGAS, the relevant regulatory…
Santos notes media speculation in relation to its 18% interest in the Brantas Production Sharing Contract in Indonesia. Santos can confirm that discussions are underway with the operator, Lapindo Brantas Inc, regarding a practical and appropriate resolution of Santos’ involvement in the PSC as a minority participant with no operating or controlling rights. These discussions…
Santos today announced the appointment of Ray Betros to the newly created position of Executive Vice President Technical. In his new role, which reports directly to Santos Chief Executive Officer David Knox, Mr Betros will be responsible for driving technical excellence and performance throughout Santos. Mr Betros will commence with Santos in early January. Mr…
Production reinstated at John Brookes September quarter production of 13.2 mmboe was 5% lower than the June quarter of 2008. Following the Varanus Island incident in June, initial production from John Brookes. Recommenced in early August with full production reinstated by early September. Cooper Oil production up 33% compared to the September quarter of 2007.…
Santos announced earlier today the successful completion of its off-market share buy-back of $300 million. The Tax Value of $16.42 was calculated as $17.14, adjusted for the movement in the Oil & Gas Exploration & Production subset of the S&P/ASX 200 Index (not the S&P/ASX 200 Energy Index as previously announced) from the open of…
Santos today announced the successful completion of its off-market share buy-back of $300 million. The outcomes of the buy-back are as follows: Size $300 million Market Price $18.8724 Buy-back discount 14% Buy-back price $16.23 Capital component $2.98 Fully franked dividend component $13.25 Tax Value $16.42 Shares bought back 18.5 million Percentage of issued ordinary capital…
The Market Price for Santos’ off-market share buy-back (as defined in the Buy-Back booklet) is $18.8724. On this basis, the tender discounts are equivalent to the following tender prices (rounded to the nearest cent): Tender discount Tender price 14% $16.23 13% $16.42 12% $16.61 11% $16.80 10% $16.99 9% $17.17 8% $17.36 Santos also advises…
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