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
Santos Record Full Year Profit Record earnings of $219 million, up 24%. Earnings per share up 24% to a record 36 cents before abnormals. Final dividend up 2 cents to 15 cents per share, making a total 1999 dividend of 27 cents per share, fully franked. Operating cash flow up 16% to a record $530m…
Record earnings of $219 million, up 24%. Earnings per share up 24% to a record 36 cents before abnormals. Final dividend up 2 cents to 15 cents per share, making a total 1999 dividend of 27 cents per share, fully franked Operating cash flow up 16% to a record $530m (87 cents per share), $64…
1999 Full Year Highlights The following results were achieved compared with 1998: Sales revenue increased by 22.8% to a record $944.5 million Sales volume increased by 7.5% to a record 48.5 million boe Production volume increased by 7.9% to a record 49.2 million boe Fourth Quarter Highlights The following results were achieved compared with the…
The Santos Group announces the discovery of a new onshore gas field in PEP 108 in the Victorian section of the Otway Basin. The exploration wildcat well Penryn 1 has intersected a 20m gross gas column in the Cretaceous Waarre Sandstone over the interval 1673m to 1693m. Penryn 1 reached a total depth of 1823m…
Bayu-Undan Santos Limited is pleased to announce that it is proceeding, through its whollyowned subsidiary Santos (ZOCA 91-12) Pty Ltd, with the liquids recovery phase of the Bayu-Undan project. The liquids phase is expected to cost US$1.4 billion (Santos share US$170m), with production forecast to begin in 2004. Commenting, Santos Managing Director Mr. Ross Adler…
Bayu-Undan The Operator of the Bayu-Undan liquids development project, Phillips Petroleum (91-12) Pty Ltd, a subsidiary of Phillips Petroleum Company, has made a release concerning further progress with the project. Santos Limited expects to be in a position to announce its decision on participation in the project during the second half of November 1999. 10/26/99…
Third Quarter Highlights The following results were achieved compared with the 1998 third quarter: Production volume increased by 4.3% to 12.9 million boe Sales volume decreased by 0.8% to 12.4 million boe Sales revenue increased by 16.0% to $245.1 million Comment by Mr Ross Adler, Managing Director Record production and the growth in sales revenue…
STOCK EXCHANGE ANNOUNCEMENT The Board of Santos Ltd is pleased to announce that Mr. Frank J. Conroy, BCom, MBA, FAIM, FAICD, FAIBF has today been appointed a Director. Mr. Conroy, aged 57, is the Chairman of Howard Smith Ltd, St. George Bank Ltd, ORIX Australia Corporation Ltd and a Director of Futuris Corporation Ltd. He…
ASX YEAR 2000 DISCLOSURE The following statement is the response of Santos Ltd to the specific questions raised of all listed companies by the Australian Stock Exchange Ltd. 1. Has your company’s assessment of its overall potential exposure to the Year 2000 problem changed materially from what the market has previously been told? If it…
Santos 1999 Interim Profit Santos today announced an after tax profit for the 1999 first half of $83.6 million, $0.6 million below the 1998 first half result of $84.2 million. The Company’s underlying operating result improved by $20.4 million as a result of an 18.4% growth in sales volumes. Record first half sales revenue, production…
Santos today announced an after tax profit for the 1999 first half of $83.6 million, $0.6 million below the 1998 first half result of $84.2 million. The Companys underlying operating result improved by $20.4 million as a result of an 18.4% growth in sales volumes. Record first half sales revenue, production and sales volumes were…
STOCK EXCHANGE ANNOUNCEMENT The Board of Santos Ltd is pleased to announce that Mr. Graeme William McGregor AO, BEc, FCPA, FCA has today been appointed a Director. Mr. McGregor, aged 60, recently retired from The Broken Hill Proprietary Company Limited where he had been an Executive Director since 1996 and the Executive Director Finance since…
Santos Limited today announced that it has commenced gas production in Victoria to assist the State in satisfying peak winter gas demand. The gas comes from a new gas processing facility at Heytesbury, 160 km south west of Melbourne, which the company has built at a cost of $9m The facility processes gas from the…
Second quarter highlights The following results were achieved compared with the 1998 second quarter: Production volume increased by 10.5% to 12.1 million boe Sales volume increased by 19.6% to 12.8 million boe Sales revenue increased by 28.0% to $231.0 million First half highlights First half highlights compared with 1998 are as follows: Production volume increased…
Santos Group, as operator of the Tumuli-1 exploration well, advises that approval has been received from the PNG Department of Petroleum and Energy for the well to be plugged and abandoned. Approval was granted on the basis of the significant structural complexities encountered and excessive drilling difficulties to reach a much deeper, high risk and…
ANNUAL GENERAL MEETING The Santos Annual General Meeting was held inAdelaide today with the Chairman Mr John Uhrig AO and the Managing Director Mr Ross Adler AO addressing shareholders. Mr Uhrig outlined the significant achievements made by the Company in 1998 notwithstanding the impact on financial results of low oil prices. Mr Adler addressed the…
First Quarter Highlights The following results were achieved compared with the 1998 first quarter: Production volume increased by 19.5% to 12.0 million boe Sales volume increased by 17.0% to 11.0 million boe Sales revenue increased by 13.6% to $181.8 million Comment by Mr Ross Adler, Managing Director: Production, sales and revenue all grew strongly during…
Record Sales Mitigate Oil Price Impact Santos today announced an after tax operating profit for the 1998 full year of $176.3 million, a reduction of 14.5% on the record 1997 earnings. Record production and sales volumes mitigated the impact of the fall in the average oil price received of 23.6% in Australian dollar terms. This…
Santos Full Year Profit Of $176 MillionRecord Sales Mitigate Oil Price Impact Santos today announced an after tax operating profit for the 1998 full year of $176.3 million, a reduction of 14.5% on the record 1997 earnings. Record production and sales volumes mitigated the impact of the fall in the average oil price received of…
1998 Annual Report
First Santos Victorian Gas Production Santos Limited has announced that it expects to commence its first Victorian gas production in June this year. This follows the completion of a gas sales agreement with the Victorian Governments Gascor Pty Ltd. This is Santos first direct contract with a customer in Victoria. Gas will be supplied from…
Acquisition of Interest in Hides Gas Field Santos Ltd announced today that two of its wholly owned Papua New Guinea (PNG) subsidiary companies have acquired from a subsidiary of Oil Search Limited, subject to PNG Government approvals, a 31% interest in PDL 1 in PNG. PDL 1 contains the majority of the Hides Gas Field…
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