Past year: ▲ 35%(6.17 – 8.62 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Feb 2008investor presentation● Neutral
Results presentation repeating the full-year numbers: 2007 production 59.1 mmboe and profit A$441m. It adds 2008 production guidance of 56-58 mmboe with a return to growth in 2009, and a 2008 Cooper oil plan of 94 wells at A$260m capex.
20 Feb 2008drilling progress report● Neutral
Third-party Beach weekly report: no Cooper Oil activity this week. Tirrawarra-75 reached 3,090 m and is being logged; Cook-12 is rigged up, and Beach's own Murrippi-1 is about to spud. Nothing new on Santos's results.
19 Feb 2008director officer appointment● Neutral
Andrew Nairn, from BHP Billiton, joins as Group Executive, Investor Relations. Andrew Seaton moves to a new leadership role on the Gladstone LNG Project after a handover.
18 Feb 2008drilling result● Neutral
Third-party Origin report: Riverslea Southeast 1 (PL 30, Surat Basin) found only weak oil shows and will be plugged and abandoned. Santos holds 15% of the permit but did not participate in the well, so no direct cost is stated.
13 Feb 2008drilling progress report▲ Good
Third-party Beach weekly report: Mudlalee-6 (Santos operator) cased as a future oil producer, with 4.8 m of oil pay in the Birkhead and 1.2 m in the Hutton. Tirrawarra-75 is being cored; Mudera-12 is still under accident investigation.
6 Feb 2008drilling progress report● Neutral
Third-party Beach weekly report: Coonatie-11 (Santos operator) cased as a future gas producer. Tirrawarra-75 and Mudlalee-6 are drilling; Mudera-12 is still under accident investigation.
6 Feb 2008drilling result▲ Good
Third-party Origin report: Emu Apple 3 (Santos QNT 10%) found oil in the Hutton Sandstone, a new oil pool for the Emu Apple field, plus Boxvale and Evergreen shows. Cased as a future producer. Tests recovered small volumes (6.1 bbl Hutton, 1.7 bbl Boxvale).
30 Jan 2008other● Neutral
Third-party Victoria Petroleum update. For Santos's ATP 752P farm-in (Vicpet 15%), Hudson-1 is planned for early March and Cuisinier-1 for mid April, as part of a seven-well program. This is later than the February start Bow indicated.
30 Jan 2008drilling progress report● Neutral
Third-party Beach weekly report: Tirrawarra 73 cased as an oil and gas producer; Mudera North-1 cased as a gas producer. Coonatie-11 is logging; Tirrawarra-75 is drilling. Mudera-12 is under accident investigation, and Mudlalee-6 operations are suspended.
30 Jan 2008contract award● Neutral
Third-party Rheochem release: it won a drilling fluids contract of about A$3m from Santos for six Otway Basin wells (three exploration, two development, one deepwater exploration) from March/April 2008. Indicates Santos's planned Otway drilling.
23 Jan 2008drilling progress report▲ Good
Third-party Beach weekly report: Tirrawarra 73 (Santos operator) found 11 m of oil pay and 5 m of gas pay. Mudera North-1 reached 1,856 m and is being evaluated; Coonatie-11 is drilling.
23 Jan 2008other● Neutral
Third-party Biosignal release: UK tests found its anti-bacterial compounds far outperformed an industry standard biocide. The trials are supported by Santos and BHP Billiton. No direct financial effect on Santos is stated.
16 Jan 2008drilling progress report▲ Good
Third-party Beach weekly report: Merrimelia-61 (Santos operator) cased as a future oil producer with 4.5 m of oil pay. Coonatie-11, Tirrawarra 73 and Mudera North-1 are drilling. Callawonga pipeline is due mid-March.
14 Jan 2008drilling progress report● Neutral
Third-party Drillsearch update: casing Jackson 55 ended the current Naccowlah (Santos 55.5% operator) drilling phase. The campaign resumes in May 2008 with at least ten wells. Fits the scaled-back 2008 Cooper plan.
14 Jan 2008drilling progress report● Neutral
Third-party Bow update, mostly on its own coal seam gas wells. It repeats that the first two wells of the Santos-operated ATP 752P farm-in (Bow 15%) are due to start in February.
9 Jan 2008drilling progress report▲ Good
Third-party Beach weekly report: Coonatie-10 (Santos operator) cased as a future gas producer, with 6 m of gas pay. Merrimelia-61 and Tirrawarra 73 are drilling.
8 Jan 2008drilling progress report● Neutral
Third-party Bow update, mainly on its own coal seam gas wells. It confirms the first two wells of the Santos-operated ATP 752P farm-in (Bow 15% after the farm-in) are due to start in February, as flagged in October.
3 Jan 2008drilling progress report▲ Good
Third-party Origin update on the Emu Apple oil appraisal wells (Santos QNT 10%): Emu Apple 2 found good oil shows and was cased as a future oil producer. Emu Apple 3 was drilling surface casing.
3 Jan 2008drilling progress report● Neutral
Third-party Drillsearch update: Jackson 54 and 55 (Santos 55.5% operator) cased as future oil producers. The rig is under routine maintenance. Repeats Beach's results.
2 Jan 2008drilling progress report● Neutral
Third-party Beach weekly report: Jackson-54, Jackson-55 and Charo-3 cased as future oil producers; Tartulla-8 cased as a future gas producer; Zogg-1 (Santos operator) plugged and abandoned. Merrimelia-61 is drilling.
28 Dec 2007regulatory community update▲ GoodMajor
South Jakarta court rejected all claims by environmental group WALHI over the Sidoarjo mud flow; Brantas PSC participants (Santos 18%) successfully defended. WALHI has 14 days to appeal. Santos already carries a net A$67m provision for the incident.
24 Dec 2007production update▼ BadMajor
Mutineer-Exeter (Santos 33.4% operator) is producing only 4,000-5,000 bopd gross after electrical damage disabled the sub-sea pumps. Impact is 0.1-0.17 mmbbl net in 2007, and 0.17-0.34 mmbbl net in 2008 if repaired by April. Adds to the field's earlier dry Mutineer-13 well.
20 Dec 2007production update▲ Good
Third-party Cue release: Oyong oil (Sampang PSC, Santos operator 45%) is holding a stable rate of about 8,500 bopd, within the 8,000-9,000 expected. A further 300,000 barrel cargo is due around 23 December. Confirms the field started in September is performing.
20 Dec 2007drilling progress report▲ Good
Third-party Drillsearch update: Jackson 53 (Santos 55.5% operator) found pay in the Murta and Mid Birkhead formations and was cased as a future oil producer. Jackson 54 has spudded.
19 Dec 2007material agreement▲ GoodMajor
Third-party BHP release: Kipper gas field development approved, with first production in 2011. Cost is about US$1.1bn. Santos holds 35% (the stake the context shows it was buying from Woodside), and BHP and Esso hold 32.5% each.
19 Dec 2007material agreement▲ GoodMajor
Santos welcomed sanction of the Kipper gas project (Santos 35%): first gas targeted H1 2011 at about 75 TJ/d gross. 2P reserves are about 610 PJ plus 30 mmboe of liquids. Santos's Stage 1 share is about A$140m. Follows Henry last month.
19 Dec 2007drilling progress report● Neutral
Third-party Drillsearch update: Jackson 52 (Santos 55.5% operator) cased and suspended as a future oil producer; Jackson 53 spudded 12 December. Repeats results already reported by Beach a week earlier.
19 Dec 2007drilling progress report● Neutral
Third-party Beach weekly report: Jackson-53 (Santos operator) cased as a future oil producer; Ogg-1 (Santos operator) plugged and abandoned. Charo-3 is drilling. Ballaparudda-1, Beach's own well with no Santos interest, was dry. No weekly report next week.
12 Dec 2007drilling progress report● Neutral
Third-party Beach weekly report: Charo-2 and Jackson-52 (Santos operator) were cased as future oil producers, with about 3 m of oil pay in each. Ogg-1 is drilling; Coonatie-10 and Tartulla-8 have spudded.
6 Dec 2007drilling progress report● Neutral
Third-party Drillsearch update: Jackson 56 (Santos 55.5% operator) found oil pay in several intervals and was cased as a future producer. Jackson 52 spudded 4 December.
