Santos Limited has progressed its growth strategy with the announcement today of the Group’s first exploration venture in central Asia. Santos subsidiary, Santos International Operations Pty Ltd, has entered into a conditional letter agreement with ASX listed Caspian Oil and Gas Limited (Caspian) to execute a phased farm-in under which Santos will earn an 80%…
Santos Limited, as operator of the VIC/P44 joint venture, confirms that a new gas field has been discovered in the offshore Otway Basin, Victoria, with the drilling of the Henry 1 wildcat exploration well. Overnight analysis of gas samples acquired by wireline logging has confirmed that the gas is good quality with a similar composition…
Record second quarter sales revenue reported today by Santos Limited has driven the Australian oil and gas group’s first half revenue above $1 billion for the first time. Total sales revenue for the three months to 30 June 2005 was a record $553 million – a 19% increase on $466 million in the first quarter…
Santos Limited has further expanded its oil and gas exploration acreage in the Sorell Basin, offshore Tasmania. The Company has been awarded a permit by the Commonwealth and Tasmanian governments to explore for oil and gas in Block T/40P, located 100 kilometres off Tasmania’s north western coast. The new permit area, covering approximately 3155 square…
Further to the announcement from Santos Limited (“Santos”) dated 1 July 2005 regarding the proposed acquisition of Tipperary Corporation (“Tipperary”) and Tipperary Oil and Gas Australia Pty Ltd (“TOGA”), Santos today announced that it has entered into a definitive agreement with Slough Estates plc, the parent company of Slough Estates USA, Inc. (“Slough”) to accelerate…
Santos Limited (Santos) today announced that it has been awarded an exploration block in the Arab Republic of Egypt as part of a joint venture with affiliates of Devon Energy Corporation (Devon) and Teikoku Oil Company (Teikoku). The joint venture, in which Santos has a 25% interest, has been awarded the onshore North Qarun Block…
Santos Limited is pleased to confirm that an application has been made to the Victorian government for a production licence over the Kipper gas field in Bass Strait, offshore eastern Victoria. This application follows the resolution of access arrangements for the processing of the gas and liquids from the Kipper field through Esso and BHPB…
Santos Limited has adopted the Australian equivalent of the International Financial Reporting Standards (“A-IFRS”) as from 1 January 2005, as required by all Australian companies. “The adoption of A-IFRS is a major step towards standardising accounting practices around the world, which will provide enhanced transparency and increased comparability between companies,” said Mr Peter Wasow, Santos’…
Santos Limited announces that it is delisting from the New Zealand Stock Exchange from the close of trading (New Zealand time) on 30 June 2005. This will result in the cessation of Santos’ securities on that exchange. Existing New Zealand shareholders will not be detrimentally impacted by the change. All shares will continue to be…
Santos Limited is in a stronger growth position now than at any time in its history, the Company’s Chairman, Mr Stephen Gerlach, told shareholders at today’s annual general meeting in Adelaide. As part of its ongoing expansion strategy, Santos also today announced a further significant increase in its 2005 oil and gas exploration program in…
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…
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