Key Developments: Santos Ltd (SSLTY.PK)

SSLTY.PK on OTC Markets Group

13.54USD
28 Jul 2014
Price Change (% chg)

$0.14 (+1.04%)
Prev Close
$13.40
Open
$13.51
Day's High
$13.55
Day's Low
$13.49
Volume
3,609
Avg. Vol
2,130
52-wk High
$14.58
52-wk Low
$11.50

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Latest Key Developments (Source: Significant Developments)

Santos Ltd and GDF SUEZ to review alternative development concepts for Bonaparte LNG
Thursday, 19 Jun 2014 02:06am EDT 

Santos and GDF SUEZ:Says the Bonaparte LNG project will consider other potential development options in addition to the floating LNG concept to develop the Petrel, Tern and Frigate natural gas fields, located 250 kilometres offshore west of Darwin.These options will include a pipeline connection to Darwin.Consequently, the proposed Bonaparte floating LNG project will not be taken into the front-end engineering and design (FEED) phase at this point in time.Santos received a cash consideration of $200 mln when the Bonaparte LNG joint venture was formed, and has received a full carry on study and development costs by GDF SUEZ.  Full Article

Santos Ltd announces issue of ordinary shares
Sunday, 15 Jun 2014 10:27pm EDT 

Santos Ltd:Issued 1,243 fully paid ordinary shares.Issue of shares on the vesting of share acquisition rights issued pursuant to the sharematch plan.  Full Article

Santos Ltd maintains FY 2014 production guidance
Wednesday, 16 Apr 2014 07:10pm EDT 

Santos Ltd:Maintains FY 2014 production guidance in the range of 52-57 mmboe.  Full Article

Santos Ltd reaffirms FY 2014 production guidance range
Thursday, 20 Feb 2014 08:00pm EST 

Santos Ltd:Sees FY 2014 production to be in the range of 52-57 mmboe.  Full Article

Santos Ltd declares final dividend
Thursday, 20 Feb 2014 07:00pm EST 

Santos Ltd:Declares a final dividend of A$ 0.15 per share fully franked.Payable on Mar. 26 to the registered shareholders as at the record date of Mar. 5.  Full Article

Santos Ltd reaffirms FY 2014 production guidance
Wednesday, 22 Jan 2014 05:17pm EST 

Santos Ltd:Expects fiscal 2014 production to be in the range of 52-57 mmboe.  Full Article

Santos Ltd Lowers FY 2013 production guidance; issues FY 2014 production guidance
Tuesday, 3 Dec 2013 05:09pm EST 

Santos Ltd:Expects its FY 2013 production would come in slightly below its earlier forecast.But added its LNG projects were on track to start producing in the next two years.Santos said its 2013 production was now expected to be about 51 mln barrels of oil equivalent (mmboe), rising to 52-57 mmboe in 2014 as the massive PNG LNG project with Exxon Mobil in Papua New Guinea comes onstream in the second half.  Full Article

AWE Ltd completes AAL selldown to Santos Ltd
Sunday, 24 Nov 2013 06:08pm EST 

AWE Ltd:Says sale of a 50% participating interest in the Northwest Natuna PSC, including the 101 million barrel Ande Ande Lumut oil project, to a subsidiary of Santos Ltd has been successfully completed.Says Indonesian Ministry of Energy and Mineral Resources and the regulator, SKK Migas, have approved the sale of a 50% participating interest and the transfer of Operatorship to Santos.  Full Article

Santos Ltd Closes Down Bangladesh's Offshore Gas Field-Reuters
Tuesday, 1 Oct 2013 08:36am EDT 

Reuters reported that Bangladesh's offshore gas field stopped permanently on October 01, 2013 due to its uncommercial level of production. Sangu could produce only 2.5 million cubic feet gas a day. Santos officials had said that the well would not be economically viable if its output fell to 15 mmcfd.  Full Article

AWE Ltd Sells 50% Of AAL For USD188 Million To Santos Ltd's Subsidiary
Wednesday, 21 Aug 2013 11:12pm EDT 

AWE Ltd announced that it has signed a sale and purchase agreement to sell a 50% interest in the Northwest Natuna PSC, which includes the Ande Ande Lumut oil project, to a subsidiary of Santos Limited for a total consideration of USD188 million, or approximately AUD209 million at current exchange rates. The consideration comprises USD100 million in cash payable on completion of the sale and a USD88 million cost recoverable capital expenditure carry. As a condition of the sale, AWE will also transfer Operatorship of the PSC to Santos effective on completion. The sale is subject to Indonesian regulatory approval of the transfer of a 50% interest in the PSC and operatorship from AWE to Santos.  Full Article

UPDATE 1-GDF Suez, Santos scrap Australian Bonaparte floating LNG project

* Santos remains bullish on LNG demand outlook (Adds Santos executive's comments)

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