Past year: ▲ 35%(6.17 – 8.62 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Nov 2009drilling progress report● Neutral
Beach's weekly report: Egypt exploration well NS 394-3 reached 3,659 m and is being plugged and abandoned, with no significant hydrocarbons. NS 377-3 is being perforated. Paralana-2 reached 4,012 m. Santos-operated Dullingari-40DW1 is drilling. Routine for Santos.
9 Nov 2009drilling spud▲ Good
Drillsearch reports Santos spudded the Ipundu-16 development well in the Tintaburra Block (Santos 89%, Drillsearch 11%), targeting up to 350,000 bbl of bypassed oil (P10). Development drilling there resumes. Small, routine well.
4 Nov 2009material agreement▲ GoodMajor
Santos announces PNG LNG (17.7%, about 13.7% after the PNG government back-in) signed a Heads of Agreement with Sinopec's Unipec for 2 mtpa of LNG. A binding sale agreement is being finalised; FID is still targeted for later in 2009.
4 Nov 2009material agreement▲ Good
Oil Search forwards ExxonMobil's release: PNG LNG participants signed a Heads of Agreement with Sinopec's Unipec for 2 mtpa of LNG. A binding sale agreement is still being finalised. Same event as Santos' own release.
4 Nov 2009drilling progress report● Neutral
Beach's weekly report: Egypt well NS 377-3 (Beach 20%) hit a 140 m gross oil column and is being cased as a producer, with production due early 2010. Santos-operated Kercummurra-2 (1,535 m) is cased and suspended as a potential oil producer.
2 Nov 2009drilling progress report● Neutral
ESG's update on Narrabri PEL 238 (Santos 35%): Dewhurst 15 reached 1,205 m with about 9 m of Bohena coal, and Dewhurst 14 is being cased. Dewhurst 11 and Coogal 2 report coal intersections. Continues the Dewhurst lateral pilot. Routine.
29 Oct 2009director officer appointment● Neutral
Formal Listing Rule 3.16.1 notice that Gregory Martin became a Santos director effective 29 October 2009. Administrative companion to the separate board announcement.
29 Oct 2009director officer appointment▲ Good
Santos appoints Greg Martin, 50, to the board. He was CEO of Australian Gas Light for five years from 2001 and has nearly 30 years in energy and infrastructure. Chair Stephen Gerlach retires 31 December 2009.
28 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Daralingie-27 reached TD of 2,294 m and will be cased as a future Patchawarra gas producer. Kercummurra-2 reached TD of 1,535 m and is being logged. Routine.
23 Oct 2009production update▲ Good
Nexus says gas production has started at Longtom (VIC/L29) and commissioning is under way with Santos. Santos had an option over up to 35% for A$70m, with first gas expected in Q4 2009. This text does not say whether Santos exercised it.
21 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Daralingie-27 is pressure testing at 756 m and Kercummurra-2 is drilling at 191 m. No results for Santos. Routine.
19 Oct 2009joint venture update▼ BadMajor
ExxonMobil's preliminary estimate puts PNG LNG Phase 1 capex at about US$15bn, up from US$12.5bn pre-FEED, mainly from scope changes and US$600m of pre-start-up costs. Plant output rises to 6.6 mtpa. FID is still targeted for December 2009, first gas late 2013/early 2014.
16 Oct 2009drilling progress report▲ Good
ESG's bimonthly update on Narrabri PEL 238 (Santos 35%): Tintsfield-1 finished at 988.6 m and the area is now a candidate for a Hoskissons seam pilot. Dewhurst-11 and Coogal-2 are underway, with a Dewhurst lateral pilot to follow. Routine.
14 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Bobs Well-2 is cased and suspended as a Patchawarra gas producer, Wareena-5 is being cased as a Toolachee producer, and Moomba-183 was plugged and abandoned at 2,092 m. Routine.
8 Oct 2009investor presentation● Neutral
Santos posts slides from the JP Morgan Australasian Conference in Edinburgh. They restate known points: 2009 production guidance of 53-56 mmboe, first-half result, GLNG, PNG LNG FID in 2009 and the A$3bn equity raising. No new information.
7 Oct 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Bobs Well-2 is drilling in pre-Permian at 2,849 m, Wareena-5 is at 898 m and Moomba-183 at 463 m. No results for Santos. Routine.
2 Oct 2009production update▲ GoodMajor
Santos announces first gas from Oyong Phase-2 in Indonesia (Santos 45% operator), on time, with plateau of about 50-60 mmscfd gross. This delivers the project sanctioned in December 2007 and flagged for 3Q09 in earlier updates; gas is sold to PT Indonesia Power Grati.
2 Oct 2009production update▲ Good
Partner Cue Energy announces first gas from the Oyong field in Indonesia's Sampang PSC, where Santos is operator with 45%. Plateau of about 60 BBtu per day is expected in October 2009. Same event as Santos' own release.
1 Oct 2009drilling progress report● Neutral
Beach's weekly report: Wakefield-1 is cased and suspended pending evaluation, ending Beach's nine-well Eromanga campaign. Santos-operated Surlow-2 is cased and suspended as a future gas producer, and Bobs Well-2 is at 2,530 m. Routine.
1 Oct 2009drilling progress report▲ Good
ESG's bimonthly update on Narrabri PEL 238 (Santos 35%): lateral well Bibblewindi 21H reached 2,378 m, hit about 1,111 m of coal and connected to Bibblewindi 27; both shield wells are due to start production. Tintsfield-1 showed excellent permeability in a test. Routine.
25 Sept 2009investor presentation● Neutral
Knox's speech to the Australia Israel Chamber of Commerce marks 40 years of Cooper Basin production. He cites 5.8 Tcf produced, a 4.2 Tcf conventional recovery target and up to 4.7 Tcf of unconventional contingent resource. Mostly repeats known points.
25 Sept 2009other● Neutral
Santos CEO David Knox proposes a South Australian Low Emissions Target, averaging no more than 0.4 tonnes of CO2 per MWh from power generation by 2020, roughly half the current 0.8. It is a policy proposal with no financial impact.
25 Sept 2009investor presentation● Neutral
Amended re-release (slide 16 corrected) of David Knox's 25 September address to the Australia Israel Chamber of Commerce on 40 years of Cooper Basin production. Same figures as before: 5.8 Tcf produced, 4.2 Tcf conventional target, up to 4.7 Tcf unconventional. No new information.
23 Sept 2009drilling progress report● Neutral
Beach's weekly report: Wakefield-1 reached TD of 2,298 m with fair hydrocarbon shows. Santos-operated Surlow-2 is drilling at 2,023 m and Bobs Well-2 has set surface casing. No Santos result. Routine.
21 Sept 2009security holder rights change● Neutral
Santos reminds holders that FUELS stop trading after the close on 23 September 2009. They will be redeemed on 30 September based on holdings at 7pm AEST on 28 September. Repeats the 27 August announcement.
16 Sept 2009drilling progress report● Neutral
Beach's weekly report: Spikey Beach-1 found no significant hydrocarbon shows and is being abandoned. Santos-operated Charo-7 and Okotoko West-2 are cased and suspended as future producers. No Santos exploration result. Routine.
15 Sept 2009drilling progress report▲ Good
ESG's bimonthly update on Narrabri PEL 238 (Santos 35%): lateral well Bibblewindi 28H reached 2,360 m and connected to Bibblewindi 29, with about 990 m of coal intersected. Bibblewindi 21H and Tintsfield-1 are drilling. Routine.
11 Sept 2009investor presentation● Neutral
David Knox's presentation to a Bank of America Merrill Lynch conference repeats known points: 2009 production of 53-56 mmboe, GLNG FID in 1H10, PNG LNG FID in 2009, and the A$3bn equity raising. No new information.
11 Sept 2009investor presentation● Neutral
Amended re-release of the same Merrill Lynch conference presentation, with the same content as the earlier version. The text shown does not state what was changed. No new information.
9 Sept 2009drilling progress report● Neutral
Beach's weekly report: Spikey Beach-1 and Wakefield-1 progress, with no Santos result. Santos-operated Charo-7 is at TD of 1,880 m and Okotoko West-2 at 2,465 m, both being logged. Routine.
