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Santos Ltd (SSLTY.PK)

SSLTY.PK on OTC Markets Group

13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Santos says board rejected Harbour Energy's proposal
Wednesday, 15 Nov 2017 07:13pm EST 

Nov 16 (Reuters) - Santos Ltd ::On 14 August, received a confidential, non-binding conditional and indicative proposal from Harbour Energy to acquire all shares​.Board rejected approach on basis that indicative price was inadequate and sources of funds were uncertain​.Confirms it is not currently engaged in discussions with & has not received current proposal from Harbour Energy .Indicative price was AUD$4.55 per share​.  Full Article

Santos aims to ramp-up GLNG production to 6 MTPA by end of 2019‍​‍​
Wednesday, 8 Nov 2017 04:00pm EST 

Nov 9 (Reuters) - Santos Ltd ::To ramp-up GLNG production to 6 MTPA by the end of 2019‍​‍​.Expects to drill 70-80 wells in Cooper Basin in 2018 with 3 rigs to grow production ‍​.  Full Article

Santos targets $2 bln in net debt by end of 2019
Wednesday, 8 Nov 2017 04:00pm EST 

Nov 9 (Reuters) - Santos Ltd ::‍A 40 percent reduction in net debt to US$2.8 billion​.2017 production and sales volumes are expected to be towards upper end of 58-60 MMBOE and 79-82 MMBOE guidance ranges, respectively​.Capital expenditure in 2018 is expected to be in range of US$825-875 million​.All five core assets are expected to deliver higher production in 2018​.In 2018, co will increase drilling activity in both Cooper Basin and GLNG to grow production and increase gas supply for domestic market​.Company expects to maintain a free cash flow breakeven in 2018 within US$35-40/BBL target range​.‍Sales volumes in 2018 expected to be in range of 72-78 MMBOE .Production guidance for 2018 is 55-60 MMBOE​.Has farmed-in for a 20 percent interest in five exploration licences in Papua New Guinea​.A further reduction in gross debt through pre-payment of additional US$350 million of 2019 ECA loan facility, bringing total pre-paid in 2017 to US$600 million​.Since beginning of 2016 transform phase already delivered a 40 percent reduction in net debt to US$2.8 billion​.‍Executed agreements with APLNG for evacuation of co' share of Combabula gas in Eastern Queensland​."Target $2 billion in net debt by the end of 2019"‍​.  Full Article

Santos says Keith Spence to succeed Peter Coates as chairman
Sunday, 22 Oct 2017 06:18pm EDT 

Oct 23 (Reuters) - Santos Ltd :Keith Spence to succeed Peter Coates as santos chairman.‍keith Spence will join Santos board on 1 January 2018​.  Full Article

Santos posts qtrly sales ‍of 21.5​ mmboe
Wednesday, 18 Oct 2017 05:59pm EDT 

Oct 19 (Reuters) - Santos Ltd :Qtrly sales ‍21.5​ mmboe versus 21.3 mmboe a year ago.2017 production guidance ‍58-60 mmboe​.Qtrly production ‍15.0​ mmboe versus 14.7 mmboe in Q2 2017.Qtrly sales revenue $793 million versus $769 million in prior qtr‍​.‍Sales guidance upgraded to 79-82 mmboe for 2017​.  Full Article

Santos signs agreement facilitating delivery of gas into the southern domestic market
Tuesday, 29 Aug 2017 06:32pm EDT 

Aug 30 (Reuters) - Santos Ltd :Santos facilitates delivery of gas into domestic market.signed a location swap agreement facilitating delivery of at least 18 PJ of gas per annum into southern domestic market..Under 3 year agreement, which takes effect in January 2018, santos will take delivery of gas at wallumbilla.  Full Article

Santos announces retirement of Greg Martin as non-executive director
Friday, 25 Aug 2017 03:02am EDT 

Aug 25 (Reuters) - Santos Ltd :Non-Executive director Greg Martin has retired from board.  Full Article

Santos says HY revenue from ordinary activities rose 24 pct
Wednesday, 23 Aug 2017 06:46pm EDT 

Aug 24 (Reuters) - Santos Ltd :Hy net loss for period attributable to members $506 million versus loss of $1,104 million .hy revenue from ordinary activities $1,496 million versus $1,205 million.sales volume guidance is upgraded to 77 to 82 mmboe and production guidance is maintained in range of 57 to 60 mmboe for 2017.Directors resolved not to pay an interim dividend in relation to half-year ended 30 june 2017.  Full Article

Santos to redeem Euro subordinated notes
Tuesday, 22 Aug 2017 08:06pm EDT 

Aug 23 (Reuters) - Santos Ltd :Santos to redeem Euro subordinated notes.Company is exercising its option to redeem its Euro 1 billion subordinated notes originally issued in 2010.Redemption is in-line with company's strategic focus on debt reduction, cost reduction and prudent capital management."Debt markets remain buoyant and company expects to undertake suitable additional debt funding at significantly lower interest cost in near-term".  Full Article

Santos announces expected non-cash impairment
Monday, 14 Aug 2017 07:14pm EDT 

Aug 15 (Reuters) - Santos Ltd :Expects to recognise a non-cash net impairment charge of approximately US$690 million after tax in its 2017 half-year results.Expects to recognise an impairment of glng of approximately US$870 million after tax, predominantly due to lower oil prices.Expected net impairment charge is an after-tax, non-cash item with no impact on EBITDAX or cash flow.Expects to take an impairment charge against non-core AAL asset in Indonesia of approximately us$150 million after tax.Lowered its brent oil price forecasts to US$50/bbl in 2017, US$55/bbl in 2018, US$60/bbl in 2019, US$65/bbl in 2020, US$70/bbl in 2021 and US$70/bbl from 2022​."Expected positive net write-back to cooper basin carrying value of approximately US$330 million after tax".  Full Article

ExxonMobil stops non-essential work in PNG highlands due to unrest

MELBOURNE ExxonMobil has evacuated non-essential staff working in the highlands of Papua New Guinea due to unrest in the area, but operations are continuing at its PNG LNG liquefied natural gas project, the company said on Thursday.