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

Santos released its 2017 Half Year Results today. View the full presentation below.

Santos today announces it is exercising its option to redeem its Euro 1 billion Subordinated Notes (Notes) originally issued in 2010, on the first call date of 22 September 2017. The redemption is in-line with the company’s strategic focus on debt reduction, cost reduction and prudent capital management. The significant business turnaround Santos has undertaken…

Santos today announced it expects to recognise a non-cash net impairment charge of approximately US$690 million after tax in its 2017 half-year results to be released on 24 August 2017. In determining the carrying value of its assets, Santos considers a range of asset and macro assumptions, including oil price, exchange rates, discount rates, production…

Santos today announced the appointment of Philip Byrne as Executive Vice President Marketing and Trading. Mr Byrne, who will commence on 14 August 2017 and will be a member of the Santos Executive Committee, will take charge of Santos’ new Marketing and Trading Division as part of his responsibilities. Mr Byrne will transition into the…

Santos Managing Director and Chief Executive Officer Kevin Gallagher said the company’s second quarter results delivered further progress on reducing costs, lowering net debt and improving the free cash flow position. “Compared to the end of 2016, our net debt position is US$600 million lower to US$2.9 billion and our forecast free cash flow breakeven…

In accordance with listing rule 3.15.1, please be advised that the registry management services relating to Santos Limited are to be transferred from Computershare Investor Services Pty Limited to: Boardroom Pty LimitedLevel 12, 225 George Street Sydney NSW 2000 GPO Box 3993Sydney NSW 2001 Telephone: 1300 096 259International: +61 9290 9600Fax: (02) 9279 0664 Email:…

Santos today announced it will continue its support for the Tour Down Under (TDU), re-signing as the naming rights partner for the next two years. Santos Managing Director and CEO Kevin Gallagher, said the company had a long history with the TDU as naming rights sponsor since the 2010 event and was pleased it would…

Santos today announced a strategic relationship with existing shareholders ENN Group (ENN) and Hony Capital (Hony). ENN and Hony are associated shareholders of Santos with an aggregate relevant interest of 15.1% of Santos shares. The strategic relationship will become effective and remain in effect for so long as ENN and Hony have a relevant interest…

Santos today announced that Vanessa Guthrie has been appointed to the Santos Board as an independent non-executive director with such appointment to take effect on 1 July 2017. The appointment of Dr Guthrie is part of the Board’s ongoing renewal process, following the retirement of Scott Sheffield at the conclusion of the recent Annual General…

Santos Chairman Mr Peter Coates and Managing Director & CEO Mr Kevin Gallagher address the 2017 Santos AGM in Adelaide.

Santos notes the purchase of 48 million shares representing 2.3% of the company’s issued capital at a price of $3.84 by Hony Capital after market close on 3 May 2017.
Santos understands the purchase will increase Hony, ENN and affiliates’ interest in the company to 15.1%.
The acquisition price represents a 6% premium to yesterday’s closing price of $3.63.

We note the Commonwealth Government announcement regarding the introduction of a new Australian Domestic Gas Security Mechanism. As an Australian company, Santos has been a long term supplier of natural gas at affordable rates in support of the domestic market. Moving forward Santos will supply more gas into the Australian domestic market than it purchases…

Santos has today released its First Quarter Activities Report for the period ending 31 March 2017. Santos Managing Director and Chief Executive Officer Kevin Gallagher said today’s release of the first quarter results was further evidence the Santos turnaround strategy was delivering positive results. “Our costs have again been reduced, we have improved our free…

Santos today announced the early repayment of US$250 million of its US$1.2 billion Export Credit Agency (ECA) supported Uncovered Syndicated Facility, scheduled to mature in 2019. The repayment will be made on 18 April and generate annual gross interest savings of approximately US$5.5 million. Following the repayment, the outstanding balance of the facility will be…

Santos has today released its Notice of Annual General Meeting 2017.
The Santos AGM will be held at the Adelaide Convention Centre on Thursday, 4 May 2017 commencing at 10:00am.

In accordance with ASX Listing Rule 3.17A, the Company gives notice that the attached resolutions for the Annual General Meeting on 4 May 2017 have been received under section 249N of the Corporations Act from 103 shareholders representing approximately 0.018% of the Company’s shares on issue. The Company understands the resolutions have been promoted by…

The 2016 Shareholder Review includes a message from the Chairman and CEO as well as commentary on our asset activities.

Significant progress on the Santos turnaround: Record production and sales volumes, free cash flow breakeven US$36.50 per barrel and net debt reduced to US$3.5 billion. Underlying profit US$63 million. Net loss of US$1,047 million including US$1.1 billion GLNG after-tax impairment recorded at half-year. Managing Director and Chief Executive Officer Kevin Gallagher said: “In 2016, the…

Appendix 4EFinancial year ended 31 December 2016This information should be read in conjunction with Santos Limited’s 2016 Annual Report(which includes the 2016 Financial Report).

Santos today release the 2016 Annual Report. Click the link below to download.

Last night the Santos Board hosted the company’s 13th EHS Directors Awards, an annual event that celebrates the very best in safety and environmental performance at Santos. The awards recognise safety and environmental excellence across six categories, with team awards for Innovation, Efficiency, Environment and Safety, and individual awards for the Environment Leader of the…

Santos today announced modifications to its segment reporting structure, effective second half 2016. The revised segment structure will be reported in the 31 December 2016 financial report, to be released on 17 February 2017 and comparative disclosures will be restated. In accordance with AASB 8 Operating Segments and Santos’ new strategy announced on 8 December…

Santos today announced the completion of its Share Purchase Plan (“SPP”). The SPP gave retail shareholders the opportunity to participate in Santos’ turnaround strategy following the successful completion of the Institutional Placement in December 2016. The SPP closed at 5.00pm (AEDT) on Tuesday 31 January 2017. Applications for approximately A$201 million of new fully paid…

Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “2016 was a year of significant change for Santos and we can be proud of what was achieved.” “We restructured the business, removed substantial costs and generated free cash flow for the first time in many years. Our production cost per barrel has reduced, and…

Santos is pleased to offer eligible shareholders(1) an opportunity to acquire additional Santos shares under a Share Purchase Plan Offer (SPP Offer). The intention to launch the SPP Offer was announced at the time of Santos’ recent institutional placement which was conducted to strengthen the company’s balance sheet and provide Santos with the financial flexibility…