Santos Ltd. (ASX: STO, NASDAQ: STOSY) today announced that Santos USA Corp, has completed and tested its Runnells-7 well in the deep geopressured Frio Trend in Matagorda County, Texas. The Runnells-7 well was production tested at an unstimulated daily flow rate of 623,000 cubic meters per day (22 million cubic feet) of natural gas, and…
Santos Ltd Managing Director Mr. John Ellice-Flint today announced a new organisation structure for the Company, based around the three drivers of shareholder value in the oil and gas business: volume, growth and cost. The structure also clearly reflects the geology of the Company’s interests and the location of its customers. Mr. Ellice-Flint said, “We…
Santos advises that Dr Ashok Khurana has announced that he will retire from the Company effective 19th December 2001.
On behalf of the Board, Santos’ Managing Director, Mr John Ellice-Flint, said he would like to record the Company’s appreciation for the contribution Dr Khurana has made during his time at Santos.
JOHN ELLICE-FLINT
Managing Director
Santos Limited today announced that it has set the dividend rate for the issue of Preference Shares at 6.57% per annum, which will be fixed until 30 September 2006. As outlined in the prospectus dated 24 October 2001, the dividend rate has been set as the greater of 6.50% per annum, or the swap rate…
On 17 October 2001 Santos Limited announced a major capital management initiative comprising an off-market share buy-back of up to $250 million and an issue of a minimum of $250 million of Reset Convertible Preference Shares, with provision for total subscriptions of up to $350 million. Santos today announced allocation details for the issue of…
Santos Ltd. announces a new field discovery by Santos USA in the prolific Frio trend of South Texas, continuing Santos’ record of successes in the trend this year. Henderson-1, located in Willacy County, was drilled to a total depth of 15,355 feet. It encountered multiple pay horizons logging 169 feet of net gas pay. The…
Santos Ltd. (ASX: STO, NASDAQ: STOSY) announces a further step in repositioning the Santos Group’s North American efforts to focus on the onshore Texas Gulf Coast. Santos USA Corp, a wholly owned subsidiary, has acquired from a number of parties, the following interests for total consideration of US$28.5 million: an additional 33% working interest in…
The Runnells 7 appraisal well logged 35 metres (115 feet) of net Frio gas sand. The well, located in Matagorda County, Texas, is a continuation of the Grand Slam field delineation. Runnells 7 is currently at the original target depth of 4,450 metres (14,600 feet). The working interest owners have agreed to drill the well…
Santos is pleased to announce the appointment of Mr Einar Vikingur to the position of Chief Information Officer. Einar has a wide range of experience in managing information systems, business process improvements and e-Business and is skilled in the areas of leadership and general management. At Santos Einar will be responsible for the company’s information…
Santos Ltd, as Operator of the Sampang PSC, announces that the Oyong-3 appraisal well has penetrated a gross oil column of approximately 19 metres in good quality reservoir. Oyong-3 is located approximately 2 kilometres east of Oyong-1 on the eastern flank of the structure, in 41.3 metres of water. It reached a planned total depth…
On 17 October 2001, Santos Limited (“Santos”) announced its intention to undertake an off-market share buy-back of up to $250 million and to issue a minimum of $250 million, and up to $350 million, in Reset Convertible Preference Shares (“Preference Shares”). The issue of Preference Shares is subject to approval by Santos shareholders at an…
Third Quarter Highlights The third quarter was a solid one for the Company in terms of production, sales and exploration. Total production was 14.7 million barrels of oil equivalent, slightly below the 2000 third quarter. Sales revenue was $375 million, 4% below the 2000 third quarter reflecting a 2.4% drop in the realised oil price…
Santos Limited (“Santos”) today announced a major capital management initiative. This comprises an off-market share buy-back of up to $250 million and an issue of a minimum of $250 million in Reset Convertible Preference Shares (“Preference Shares”). Santos Chairman, Mr Stephen Gerlach said: “Ongoing capital management is an important component of the Company’s strategy announced…
Santos Quarter Billion Dollar Interim Profit Santos today announced a record half year profit for the six months ended 30 June 2001 of $251.5 million, a 21.5% increase on the 2000 first half result of $207.0 million. This result reflects record first half sales revenue. Earnings per share were 41.1 cents compared with 34.1 cents…
Santos Ltd has today finalised an agreement (subject to customary due diligence) with Strike Oil NL to farm-in to permit VIC/P44 in the offshore Otway Basin. The farm-in provides Santos with a 50% working interest in this permit and includes operatorship. Santos’ farm-in to this permit enhances the company’s position in the Otway Basin and…
Santos (Sampang) Pty Ltd, as Operator of the Sampang PSC offshore East Java, advises the results of the second of two drill stem tests conducted in the Oyong-1 well. From the interval 855 metres to 873 metres (18 metres) in the gas zone, the well flowed 351,175 cubic metres of gas per day (12.4 million…
Santos (Sampang) Pty Ltd, as Operator of the Sampang PSC offshore East Java, advises the results of the first of two drill stem tests to be conducted in the Oyong-1 well. Oyong-1 encountered a 110-metre gas column between 813 metres and 923 metres and a 35-metre oil column between 923 metres and 958 metres in…
Santos is pleased to announce the appointments of Mr Jacques Gouadain to the role of General Manager Exploration and Mr Frank L Jones to the position of General Manager Drilling. Mr Gouadain has nearly 40 years experience with oil and gas exploration around the world. He commenced his career as a field geologist with Aquitane…
Second Quarter Highlights The following results were achieved compared with the 2000 second quarter Sales revenue increased by 12% to a record $423 million. The oil price averaged A$51.06 (US$27.69) per barrel [2000: A$44.30 (US$26.52) per barrel]. Sales volumes were steady at 14.6 million barrels of oil equivalent (boe). Crude oil production was 17% above…
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)…
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…
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 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,…
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