equivalentideas / santos_news_announcements

2015-04-20

Cooper and GLNG Investor Visit

<p>Santos today released a presentation associated with an investor visit to the Cooper Basin and GLNG Project.</p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/2015_Cooper_and_GLNG_Investor_Visit.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(7 Mb)</span></a> </li> </ul>

/library/2015_Cooper_and_GLNG_Investor_Visit.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1501

1501

2015-04-17

Santos narrows GLNG start date

<h2>Santos narrows GLNG start date</h2> <p>Santos today announced its GLNG project is approaching 95% complete and is expected to produce first LNG around the end of the third quarter this year. </p> <p>Previous guidance for first LNG was in the second half of this year.</p> <p>“The progress at GLNG over the past year has been excellent.  This announcement highlights our confidence of delivering this transformational project on time and within the US$18.5 billion budget,” Santos Managing Director and Chief Executive Officer David Knox said. </p> <p>“The project has continued to go from strength to strength and we have made significant progress on the ground in both 2014 and in the first quarter of this year.”</p> <p>“The delivery of GLNG will consolidate our strategic LNG portfolio and further position us as a key player in the growing Asian gas market.” </p> <p>Santos Vice President Downstream GLNG Rod Duke acknowledged the hard work and dedication of the project team in delivering the key milestones to date. </p> <p>“It has been a fantastic year of progress at GLNG with recent milestones including the introduction of first gas into the LNG plant and the successful firing of the first two gas turbine generators,” Mr Duke said.</p> <h3>GLNG 2014-2015 snapshot</h3> <ul> <li>Completed construction of all major gas field processing facilities.</li> <li>Completed its 420-kilometre pipeline, including a 4.3km undersea pipeline tunnel.</li> <li>Installed all 111 modules that make up its two LNG processing trains.</li> <li>Hydrotested both of its LNG storage tanks.</li> <li>Built its LNG loading jetty.</li> <li>Introduction of first gas into the plant and lighting of the flare.</li> <li>Successful firing of the first two gas turbine generators. </li> </ul> <p>Ends.</p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/170415%20Santos%20narrows%20GLNG%20start%20date.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(260 kb)</span></a> </li> </ul>

/library/170415 Santos narrows GLNG start date.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1500

1500

2015-04-17

2015 First Quarter Activities Report

<h2>First quarter production up 15%, GLNG first LNG expected around the end of Q3</h2> <p>Santos today announced higher first quarter production, higher sales and significant progress at the GLNG project.</p> <p>First quarter production of 14 million barrels of oil equivalent (mmboe) and sales volumes of 15.2 mmboe were 15% and 10% higher respectively than the corresponding quarter. </p> <p>Santos Managing Director and Chief Executive Officer David Knox said that Santos had delivered a sound start to 2015, including higher production, excellent progress on GLNG commissioning and exploration success offshore Malaysia.</p> <p>“I am pleased to report strong progress at GLNG, where first LNG is now expected around the end of the third quarter, within the US$18.5 billion budget.”</p> <p>“First gas was introduced into the LNG plant in early March and the first two gas turbine generators which provide electrical power supply to the plant are running.”</p> <p>Sales revenue was 10% lower primarily due to the fall in global oil prices, partially offset by stronger domestic gas prices and a weaker Australian dollar.</p> <p>Mr Knox said the company had taken prompt and decisive actions to respond to the current low oil price environment.</p> <p>“First quarter capital expenditure was 40% lower than last year, and we continue to make solid inroads towards reducing production costs per barrel across the business,” Mr Knox said.</p> <p>During the quarter, Santos also announced a significant oil discovery at the Bestari-1 exploration well offshore Malaysia. The well encountered 67 metres of net oil pay in multiple sand packages within the primary Miocene age formation. The oil bearing sands are of high quality with good porosity and permeability.</p> <p>All guidance for 2015 is maintained.</p> <h3>Comparative performance at a glance</h3> <table><tbody> <tr> <td width="40%"><strong>Corresponding period</strong></td> <td width="20%"><strong>Q1 2015</strong></td> <td width="20%"><strong>Q1 2014</strong></td> <td width="20%"><strong>Change</strong></td> </tr> <tr> <td>Production (mmboe)</td> <td>14.0</td> <td>12.2</td> <td>+15%</td> </tr> <tr> <td>Sales (mmboe)</td> <td>15.2</td> <td>13.8</td> <td>+10%</td> </tr> <tr> <td>Average realised oil price (A$/bbl)</td> <td>72</td> <td>129</td> <td>-44%</td> </tr> <tr> <td>Sales revenue ($million)</td> <td>825</td> <td>913</td> <td>-10%</td> </tr> <tr> <td>Capital expenditure (A$million)</td> <td>566</td> <td>944</td> <td>-40%</td> </tr> </tbody></table> <table><tbody> <tr> <td width="40%"><strong>Quarterly comparison</strong></td> <td width="20%"><strong>Q1 2015</strong></td> <td width="20%"><strong>Q4 2014</strong></td> <td width="20%"><strong>Change</strong></td> </tr> <tr> <td>Production (mmboe)</td> <td>14.0</td> <td>15.1</td> <td>-7%</td> </tr> <tr> <td>Sales (mmboe)</td> <td>15.2</td> <td>18.0</td> <td>-16%</td> </tr> <tr> <td>Average realised oil price (A$/bbl)</td> <td>72</td> <td>92</td> <td>-22%</td> </tr> <tr> <td>Sales revenue ($million)</td> <td>825</td> <td>1,090</td> <td>-24%</td> </tr> <tr> <td>Capital expenditure (A$million)</td> <td>566</td> <td>893</td> <td>-37%</td> </tr> </tbody></table> <p>Sales gas, ethane and gas to LNG production of 63.2 petajoules for the quarter was 25% higher than the corresponding quarter, reflecting a full quarter of PNG LNG production. Total sales gas, ethane and LNG sales revenue jumped 78% to $520 million for the quarter.</p> <p>Quarterly crude oil production of 2.0 million barrels was 22% lower than the previous quarter, primarily due to scheduled dry dock maintenance of the Mutineer-Exeter/Fletcher Finucane FPSO during the first quarter. The average oil price for the quarter was A$72 per barrel, 22% lower than the previous quarter, reflecting lower global oil prices partially offset by a weaker Australian dollar. Total crude oil sales revenue of $223 million for the quarter was 42% lower than the previous quarter reflecting lower oil prices and sales volumes.</p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/2015_First_Quarter_Activities_Report.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(465 kb)</span></a> </li> </ul>

/library/2015_First_Quarter_Activities_Report.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1499

1499

2015-03-26

2014 Shareholder Review, 2014 Annual Report, 2014 Sustainability Report and Notice of 2015 AGM

<p>Santos has released its 2014 Shareholder Review, 2014 Annual Report, 2014 Sustainability Report and its Notice of Annual General Meeting 2015.</p> <p>The 2014 Shareholder Review and 2014 Annual Report detail Santos’ performance and results and outline the company’s outlook and strategy.</p> <p>The 2014 Sustainability Report provides information on Santos’ management approach and sustainability performance.</p> <p>The 2015 Annual General Meeting will be held at the Adelaide Convention Centre on Thursday 30 April at 10:00 am. </p> <ul class="filelist"> <li class="file-link"><a href="http://www.santosannualreport2014.com/" target="_blank">View the 2014 Shareholder Review and 2014 Annual Report online</a></li> <li class="file-pdf"><a title="2014 Shareholder Review" href="http://www.santos.com/library/2014_Shareholder_Review.pdf" target="_blank">Download the 2014 Shareholder Review <span>(2.3 MB)</span></a></li> <li class="file-pdf"><a title="2014 Annual Report" href="http://www.santos.com/library/2014_Annual_Report.pdf" target="_blank">Download the 2014 Annual Report <span>(2.2 MB)</span></a></li> <li class="file-pdf"><a title="2014 Sustainability Report" href="http://www.santos.com/library/2014_Sustainability_Report.pdf" target="_blank">Download the 2014 Sustainability Report <span>(2.8 M)</span></a></li> <li class="file-pdf"><span><a href="/library/Notice_of_Annual_General_Meeting_2015.pdf">Download the Notice of Annual General Meeting 2015</a></span></li> <li class="file-link"> <li class="file-link"> <li class="file-pdf"><span></span></li> </ul>

http://www.santosannualreport2014.com/

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1493

1493

2015-03-25

Santos Dividend Reinvestment Plan (DRP)

<p>This notice is given by Santos Limited (ABN 80 007 550 923) (ASX code: STO) (Santos). <br>Santos announces today that it has issued: </p> <ol> <li> 5,405,704 fully paid ordinary shares at a price of A$7.4192 per share to participants in the DRP for the 2014 final dividend; and </li> <li> 14,270,511 fully paid ordinary shares at a price of A$7.53 per share to the underwriter of the DRP for the 2014 final dividend (Underwritten Shares).</li> </ol> <p>Santos states that: <br>(a) The Underwritten Shares were issued without disclosure to investors under Part 6D.2 of the Corporation Act 2001 (Cth) (Act);</p> <p>- (b) This notice is being given in accordance with section 708A(5)(e) of the Act;<br>- (c) As at the date of this notice, Santos has complied with:</p> <p>(1) the provisions of Chapter 2M of the Act as they apply to Santos; and<br>(2) section 674 of the Act; and </p> <p>- (d) As at the date of this notice, there is no information that is ‘excluded information’ within the meaning of subsections 708A(7) and 708A(8) of the Act, other than the information set out below.</p> <p>A significant oil discovery has recently been made at the Bestari-1 exploration well in the Deepwater Block R Production Sharing Contract and is currently being evaluated with a view to planning an appraisal campaign. Block R is located offshore Malaysia in water depths ranging from 100 metres to 1,400 metres. The Bestari-1 well encountered 67 metres of net oil pay in multiple sand packages within the primary Miocene age formation at true vertical subsea depths ranging from 1,860m to 2,702m.</p> <p>The oil bearing sands are of high quality with good porosity and permeability. Oil samples, recovered from wireline pressure and sampling tools, confirm 27-30 degree API Oil with no indication of H2S and negligible CO2. </p> <p>Santos completed the acquisition of a 20% interest in the Block R PSC from JX Nippon (27.5% and operator) and INPEX (27.5%) in January 2015. PETRONAS Carigali owns the remaining 25% interest.</p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/250315_Santos_Dividend_Reinvestment_Plan_0.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(245 kb)</span></a> </li> </ul>

/library/250315_Santos_Dividend_Reinvestment_Plan_0.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1492

1492

2015-03-17

Santos Dividend Reinvestment Plan (DRP)

<p>On 20 February 2015 Santos announced a fully franked final dividend of fifteen cents per share would be paid on 25 March 2015 to shareholders on record as at 27 February 2015.<br></p> <p>It also announced that the DRP would be in operation for this dividend.  DRP shares would be issued at the arithmetic average of the daily volume weighted average market price over a period of 10 business days commencing on the second business day after the dividend record date, less a 1.5% discount.  <br></p> <p>This notification is to advise that the DRP issue price is $7.4192</p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/170315_Santos_Dividend_Reinvestment_Plan_DRP.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(60 kb)</span></a> </li> </ul>

/library/170315_Santos_Dividend_Reinvestment_Plan_DRP.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1491

1491

2015-03-09

Santos strikes new gas supply contract with Alcoa

<p>Santos today announced that it had entered a contract to supply natural gas to Australia’s biggest alumina producer, Alcoa of Australia Limited.  </p> <p>The contract commences in 2018 and will see Santos supply 82PJ of gas to Alcoa over an initial contract term of five years from the John Brookes field in the offshore Carnarvon Basin. The contract allows for two five year extension options by mutual agreement.</p> <p>Santos General Manager WA&NT, Brett Woods, said the contract with Alcoa was the start of what he hoped would be a long and mutually beneficial partnership.</p> <p>“This is a significant contract for us, not only in terms of its value but also in its tie-up with WA’s biggest buyer of natural gas,” he said.</p> <p>“I am confident it will set the foundation for a long, fruitful association between the two companies allowing for other gas supply opportunities to be explored.”</p> <p>“This contract also consolidates our place as one of the biggest suppliers of domestic gas in WA, a market share we want to grow.”</p> <p>Santos is a leading supplier of domestic gas across Australia, and, in WA, all of its gas production is sold into the domestic market.</p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/090315_Santos_strikes_new_gas_supply_contract_with_Alcoa.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(70 kb)</span></a> </li> </ul>

/library/090315_Santos_strikes_new_gas_supply_contract_with_Alcoa.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1490

1490

2015-03-06

Hides F1 drilling update

<p>Santos advises that the Hides F1 (Hides Deep) well has reached total depth of 4,633 metres.</p> <p>Thick argillaceous sandstone intervals were encountered in the exploration target, the Koi-Iange Formation, but wireline evaluation confirms an absence of reservoir quality.<br></p> <p>The exploration component of the well will now be abandoned and the development section completed as a gas producer for the PNG LNG Project.</p> <p>Santos has a 24% interest in the exploration component of Hides F1.</p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/060315_Hides_F1_drilling_update.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(60 kb)</span></a> </li> </ul>

/library/060315_Hides_F1_drilling_update.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1489

1489

2015-03-03

Retirement of Chairman

<p>Santos today announced that Ken Borda will retire as Chairman at the Annual General Meeting on 30 April 2015. Mr Peter Coates AO, currently a non-executive director, will resume the role of Chairman.</p> <p>Mr Coates previously served as Santos Chairman from December 2009 to May 2013 and returns to the role following his time as an executive director assisting with the integration of Glencore and Xstrata.</p> <p>Mr Borda said “It has been a privilege to serve as a Director and Chairman and I leave in the knowledge that the company has an experienced Chairman and a strong Board, and an executive team well led by Managing Director and Chief Executive Officer David Knox.”</p> <p>“I am passionate about Santos and excited by its future prospects but I have decided now is the time to lighten my board responsibilities.”</p> <p>“It has been a great privilege to serve on the Board of Santos and I would like to thank all of the Santos team for their dedication and hard work. The Company will soon realise its long-term vision to become a major supplier of LNG and natural gas to Asia and Australia.  I am confident that the company under Peter Coates’ Chairmanship and David Knox’s leadership will continue to drive the company’s strategy to create long-term value for shareholders,” Mr Borda said.</p> <p>Mr Coates said the Santos Board would like to thank Ken for his considerable contribution as a Director since 2007.    </p> <p>“Under Ken’s Chairmanship, the Board has continued its focus on the successful execution of the company’s transformational projects and commitment to delivering positive outcomes for shareholders, employees, customers and the communities in which we operate,” Mr Coates said.</p> <p>“On behalf of the Board, I thank him for his dedicated service and wish him the very best for the future.” </p> <p>“I’m pleased to be returning to the role of Chairman at such an exciting time for Santos. I look forward to continuing to work with David Knox, the management team and staff, and my fellow directors as we deliver GLNG in the second half of this year.”</p> <p>Mr Knox thanked Mr Borda for his leadership and outstanding contribution to the company.</p> <p>"Ken’s contribution to Santos has been outstanding throughout his time on the Board, in particular his two years as Chairman. I am grateful for his wise counsel and leadership,” Mr Knox said.</p> <p>“I would also like to welcome Peter back to the Chairman’s role and I look forward to working closely with him as we complete the GLNG project.”<br></p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/030315_Retirement_of_Chairman.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(74 kb)</span></a> </li> </ul>

/library/030315_Retirement_of_Chairman.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1488

1488

2015-02-25

Strong landholder support for Santos in Narrabri

<p>Fourth generation Narrabri farmer Jeremy Gett has expressed his support for Santos’ operations on his land. Mr Gett, who has natural gas pilot wells on his family property, says he would never support any activities that jeopardise his family’s future.</p> <p>Mr Gett tells his story in the first of a series of video features that highlight the support Santos has in the local Narrabri community and the benefits our operations bring to the area now and into the future.</p> <p>Jeremy’s farm produces cereal and beef cattle on 1600 hectares outside Narrabri.</p> <p>For 60 years, Santos, an Australian company, has operated safely and in partnerships with landholders like the Gett family and communities like Narrabri and others.</p> <p>Mr Gett, who also works for Santos’ Narrabri operations team, reiterates that Santos are “extra vigilant” in all operations to ensure natural gas is extracted safely and the surrounding environment is protected.</p> <p>“If I thought oil and gas could harm my farm in any way long term, it wouldn’t be happening on my place,” Mr Gett says.<br>“Coal seam gas is nothing new to me. It has been in this area around Yarrie Lake, I think I was around 8 the first time I saw a gas well. I’m 40 in a few months</p> <p>“I’m a fourth generation farmer and I also work for Santos. Farming is my first passion. I was born and bred on the land obviously. My son is 15, he’s fifth generation. We have been here for 100 years - 100 years last month, the Gett family have been in this district.</p> <p>“I love the land and I would never do anything to jeopardise our future here. To supply NSW with a significant part of their energy supply would be something I would be very proud of.”</p> <p>Mr Gett dismissed claims that natural gas exploration has resulted in gas bubbling out of the ground.<br>“The only gas I know of in bores, goes back years and years. When you hear the old timers talking about some of these artesian bores, they could light them. And that’s years ago before there was any sort of exploration in this area.”</p> <p>Santos’ Narrabri Gas Project could supply up to half of NSW natural gas to meet the needs of the one million NSW households and 34,000 businesses that rely on gas for affordable cleaner energy. The project will create up to 1,200 jobs during construction and 200 ongoing positions.</p> <p>Mr Gett says it’s these jobs that will help train and support the future generations and encourage teenagers like his children to stay in the local area.</p> <p>“Modern farming techniques and much larger machinery have decreased the need for farm labour,” Mr Get says.<br>“My children are lucky enough to have a rural background and a family farm, to support them if they decide to choose that path, other young people have no option but to leave the area to pursue a career or even to find a labouring job.</p> <p>“We need diverse industries like the energy industry that provide employment and other opportunities for the next generation.<br>“In the past 100 years we’ve seen the arrival of the cotton industry, irrigators and others – all of which were initially opposed, but are now valued parts of the local community and the local economy.</p> <p>“I have no doubt that the energy industry will be seen in the same way.”</p> <p>Santos is currently finalising the Environmental Impact Statement for the Project which is an important step in ensuring the development meets the highest environmental standards.</p> <p><a title="Jeremy Gett, Santos Landholder" href="https://www.youtube.com/watch?v=LMELtxx003Y" target="_blank">View the video here.</a><br></p> <ul class="filelist"> <li class="file-pdf"> <a href="/library/150225%20Strong%20Landholder%20support%20for%20Santos%20in%20Narrabri.pdf" id="ctl00_cphMain_ancAttachment" target="_blank">Download this news announcement <span>(92 kb)</span></a> </li> </ul>

/library/150225 Strong Landholder support for Santos in Narrabri.pdf

http://www.santos.com/Archive/NewsDetail.aspx?p=121&id=1487

1487