Past year: ▲ 35%(6.17 – 8.62 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Dec 2009material agreement● Neutral
Panax Geothermal says it signed a non-binding MOU with Santos on its Tirrawarra geothermal licence in the Moomba region. Santos 'may consider' buying renewable power for its Moomba field operations. No commitment or dollar value stated.
7 Dec 2009material agreement▲ GoodMajor
Oil Search forwards ExxonMobil's release: PNG LNG participants signed a binding 20-year agreement with TEPCO for about 1.8 mtpa of LNG, following the Sinopec deal. Santos holds 17.7% of the project. Same event for Santos' own story.
7 Dec 2009material agreement▲ Good
Santos announces PNG LNG (Santos 17.7% at the time) signed a binding 20-year sale agreement with TEPCO for about 1.8 mtpa of LNG. Same TEPCO deal already noted from Oil Search's forwarding on 7 December; no new terms.
4 Dec 2009material agreement▲ GoodMajor
Santos announces PNG LNG (Santos 17.7%) finalised a binding 20-year sale agreement with Sinopec's Unipec for about 2.0 mtpa of LNG, for a terminal in Shandong. This converts the 4 November Heads of Agreement into a binding contract.
2 Dec 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Dullingari-36DW1 reached 2,607 m and is being cased as a future Patchawarra gas producer. Beach says the Teen well in Egypt will spud 4 December with no further results released. Routine for Santos.
1 Dec 2009drilling progress report● Neutral
ESG's update on Narrabri PEL 238 (Santos 35%): Dewhurst 18H reached 2,035 m and connected to the Dewhurst 15 vertical well. Dewhurst 17H is drilling, and Rosevale 1 was redrilled as 1A after a casing obstruction. Routine pilot progress.
25 Nov 2009drilling progress report● Neutral
Beach's weekly report said production testing of Egypt's NS377-3 was complete, with flow constrained to about 1,400 bbl/d. Full production is still expected in Q2 2010, as predicted earlier, and the rig moved to the Teen exploration well. Santos-operated Dullingari-36DW1 was drilling.
23 Nov 2009drilling result▲ Good
Drillsearch reports Santos-operated Ipundu North-13 (Tintaburra, Santos 89%) found about 7 m of oil pay in the Birkhead Formation plus up to 1.5 m in the Murta. It will be cased as a future producer. Preliminary interpretation; testing to follow.
18 Nov 2009drilling progress report● Neutral
Beach's weekly report: no Santos results of note. Santos-operated Dullingari-40DW1 (2,623 m) is cased and suspended as a future gas producer. Beach-operated Chiton-1 flowed 2,434 bbl/d of oil in a short test. NS 394-3 was plugged and abandoned.
16 Nov 2009drilling progress report▲ Good
ESG's update on Narrabri PEL 238 (Santos 35%): Dewhurst 14 and 13 have 11.4 m and about 11 m of Bohena coal and await laterals; Dewhurst 11 hit 22.6 m of Bohena coal. Lateral drilling at Dewhurst 18H began. Routine.
12 Nov 2009drilling result▲ Good
Drillsearch reports Santos-operated Ipundu-16 in the Tintaburra Block (Santos 89%) was drilled successfully and will be cased as a future oil producer. Ipundu North-13 is next. Resolves the well that started on 8 November.
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.
22 Oct 2009quarterly activities report▲ Good
Santos' September quarter production was 13.9 mmboe, up 4% on June, with revenue of A$557m and oil at A$82.52/bbl. Oyong Phase 2 first gas is reported. 2009 guidance is maintained, including 53-56 mmboe and A$1,600m capex. Largely known events.
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.
