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Santos Ltd (SSLTY.PK)

SSLTY.PK on OTC Markets Group

19 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Santos Ltd announces appointment of Anthony Neilson as CFO
Sunday, 18 Sep 2016 11:56pm EDT 

Santos Ltd : Appointment of CFO . Appointment of Anthony Neilson as its new chief financial officer . Andrew Seaton, who recently announced his retirement from Santos, will remain with the company to ensure an orderly transition .  Full Article

Santos Ltd sees 2016 sales at 76-83 mmboe
Thursday, 18 Aug 2016 06:54pm EDT 

Santos Ltd : Santos 2016 half-year results . Upstream production cost guidance has been reduced to US$9-10/boe for 2016 . "Our goal is to be free cash flow breakeven at between US$35 to US$40 per barrel on a portfolio basis", said chief executive officer Kevin Gallagher . 2016 capital expenditure guidance (excluding capitalised interest) US$750 million . Sees 2016 sales guidance at 76-83 mmboe .  Full Article

Santos Ltd posts HY net loss of US$1.10 billion
Thursday, 18 Aug 2016 06:52pm EDT 

Santos Ltd : 2016 half-year report incorporating appendix 4d . HY revenue from ordinary activities US$1.21 billion, down 6 percent . HY net loss for the period attributable to members US$1.10 billion versus profit of US$30 million . HY product sales US$ 1.19 billion versus US$1.26 billion . Maintains production guidance in the range of 57 to 63 mmboe for 2016 .  Full Article

Santos expects to record $1 bln impairment charge in HY 2016
Sunday, 14 Aug 2016 06:42pm EDT 

Santos Ltd : Asset review outcome . Expects to recognise impairment charge against carrying value for GLNG of approximately US$1.050 billion after tax in 2016 half-year . Says sustained low oil prices continue to constrain capital expenditure and impact GLNG . Have decided to adjust our long-term operating assumptions for GLNG to reflect the reality of the current oil price environment" . Low oil and gas prices continue to challenge our upstream business and the entire oil and gas industry" . We are experiencing a slower ramp up in production of GLNG equity gas and the price of third party gas has increased" . Impairment will be a non-cash charge and will not affect the company's debt facilities . Continue to maintain approach of reducing costs .  Full Article

Santos says Q2 production 15.5 mmboe
Thursday, 21 Jul 2016 07:06pm EDT 

Santos Ltd : Second quarter activities report . Record first half production of 31.1 mmboe, up 10% on the prior half-year. . Second quarter production of 15.5 mmboe, up 8% on the corresponding quarter . Average realised oil price decreased 29% to US$43 per barrel for the first half. . 2016 production and sales volume guidance is maintained . Says glng produced 1 million tonnes of lng in the second quarter and shipped 16 cargoes. . HY upstream production costs of us$8.80/boe, 15% lower than the prior half-year. .  Full Article

Santos announces retirement of Andrew Seaton as CFO
Tuesday, 19 Jul 2016 07:31pm EDT 

Santos Ltd : Retirement of CFO . Chief financial officer andrew seaton will retire . Says Santos has commenced an executive search to identify a successor to seaton .  Full Article

Santos announces change in reporting currency
Monday, 18 Jul 2016 07:40pm EDT 

Santos Ltd : Change in reporting currency . Santos will change its reporting currency from Australian dollars to US dollars, commencing with the 2016 interim result .  Full Article

Santos completes strategic review
Sunday, 8 Nov 2015 04:55pm EST 

Santos:Strategic review completed.Santos has today announced completion of its strategic review with $3.5 billion of capital initiatives.Says has reached agreement to sell its 35% non-operated interest in the Kipper Gas Field.Says $3.5 billion of capital initiatives reinforce the Santos balance sheet.Says Mitsui has agreed to pay Santos $520 million in cash.Entered into a binding share subscription agreement with an affiliate of Hony Capital.Says new dividend framework."Expect inbound interest may continue and we will respond accordingly in the normal course".Says for the 2015 final dividend, subject to market conditions, Santos' intention is to target a payment of 5 cents per share.Says Hony will subscribe for 73.5 million fully paid ordinary shares in Santos, at a price of $6.80 per share.Says "Santos is under no pressure to sell further assets".Santos net debt reduced to $6.2 billion.Says significant liquidity position increasing to over $5 billion in cash and undrawn facilities.  Full Article

Santos appoints Kevin Gallagher as CEO and Managing Director
Sunday, 8 Nov 2015 04:43pm EST 

Santos:Says Appointment of CEO.Kevin Gallagher has been appointed as the new Managing Director and CEO of Santos.Says Gallagher will aim to commence duties with Santos in early 2016.Current managing director and CEO, David Knox, has agreed with the board that he will step down as Managing Director and CEO.Says Coates remains in his current role as Executive Chairman.  Full Article

Santos rejects indicative acquisition proposal
Wednesday, 21 Oct 2015 07:10pm EDT 

Santos:Says that on 20 October 2015 it received an indicative, highly conditional and non-binding proposal from Scepter Partners (Scepter), on behalf of the managed funds of its core stakeholders, to acquire all of Santos for a cash consideration of A$6.88 per share.Santos rejects indicative acquisition proposal.Proposal is considered to be opportunistic in nature and does not reflect the fair underlying asset value of the company.Strategic review is ongoing, and will continue to consider all proposals which deliver appropriate value and certainty for shareholders.Says on 20 October 2015 received an indicative, highly conditional and non-binding proposal from scepter partners.Says proposal to acquire all of Santos for a cash consideration of A$6.88 per share.  Full Article

Stronger miners help keep Australia shares steady

SYDNEY/WELLINGTON, Aug 19-Mixed showings among mining and bank stocks kept the Australian share market mostly flat on Friday, with investors shrugging off disappointing financial results.