Scandoil  

Santos responses to market speculation


Published Aug 18, 2015
Santos-2

Santos notes the steep decline in its share price on Friday 14 August 2015, and subsequent media speculation that the company is planning to launch an equity raising.

Santos confirms that it has no current intention to undertake an equity raising.

Santos retains ample liquidity, with over $2 billion in cash and undrawn debt facilities currently available.

Santos continues to take positive steps to strengthen the Company’s operating position in the lower oil price environment. First half capital expenditure was more than 50% below 2014 levels and unit production costs for the first half were 11% lower.

The underlying performance of the business remains strong. Production was up 13% in the first half and continued growth is expected over the next few years, coinciding with the ramp up of GLNG.

Tags: Santos




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml