Santos, Partner von Caspian Oil - 500 Beiträge pro Seite

[_Frank]

Santos bietet bei einem KGV von 15 eine moderate Bewertung für einen Ölwert (3. größte Ölgesellschaft Australiens). Santos ist ausserdem Partner von Caspian Oil in Kirgisien und hat an den Projekten 80% Anteil. Wenn sie in Kirgisien nennenswert Öl finden, dann kann sich Santos locker verdoppeln und ist durch das KGV und die Dividende gut abgesichert.

Hier die News von heute:
23 September 2005
Australian Stock Exchange Release
Santos Farmin and Share Subscription Complete
Caspian Oil & Gas Limited is pleased to announce that Santos International Operations Pty Ltd (“Santos”), a wholly owned subsidiary of Santos Limited, a major Australian oil and gas exploration and production company, has completed its due diligence investigations and executed contracts formalising the previously announced August 2005 letter agreement to:
• farm into Caspian’s oil projects in the Kyrgyz Republic; and
• subscribe for 100 million fully paid ordinary shares at an issue price of three cents per share to raise $3 million.
Santos has also exercised its option to subscribe for an additional 40 million fully paid shares at an issue price of five cents per share to raise an additional $2 million, taking its equity in Caspian to approximately 17.7%.
A condition to the Santos Subscription Agreement requires Caspian to settle its outstanding liabilities to the vendors of the Kyrgyz oil projects immediately rather than on the deferred basis previously agreed with the vendor. Consequently, Caspian will now proceed to issue 30 million fully paid ordinary shares and make payment of US$2 million in full and final settlement of all liabilities to the vendor of the oil projects.
The Farmin Agreement provides for Santos to:
• sole fund, manage and operate staged work programs up to the value of US$28 million over all of the licences to earn an 80% interest in those projects over a period of approximately four years; and
• pay a cash consideration of US$1 million for use of the technical database relating to the Kyrgyz operations.
The Kyrgyz oil projects covering approximately 16,500 sq km are currently owned 100% by Caspian subsidiary JSC Textonic. With the exception of the Aksai prospecting licence, they are situated in the Fergana Basin, an established oil producing region with a production history dating back over a century.
Three Santos teams have commenced work on the projects. Two geological teams are assessing the geology on the deeper prospects and one team is conducting a review of the production potential from shallow structures on the northern Fergana licences.
1
Farm-in Arrangements
As outlined in the August 2005 announcement, there are effectively two separate facets of the proposed joint venture arrangement between Santos and the Company – a farmin to all of the licences, focussing on the deeper potential, and a farmin to the shallow potential of some of the northern Fergana licences subject to a review of those projects.
Santos can incur staged expenditure of US$24 million as indicated below to earn an 80% interest in all of the licences, excluding the shallow production potential down to 1,000m depth on the northern Fergana licences of Charvak, Ashvaz, East Mailisu and West Mailisu.
􀂾 Minimum expenditure of US$3 million by 31 December 2006 on, amongst other things, field work and data review, including the planning of a targeted 2D seismic programme (Phase 1);
􀂾 Minimum expenditure of US$6 million by 30 June 2008 on 2D seismic and/or the drilling of one or more wells (Phase 2); and
􀂾 Minimum expenditure of US$15 million by 30 June 2009 on drilling programs (Phase 3).
At its sole discretion, Santos may withdraw from the farm-in at the end of Phase 1 or end of Phase 2. If Santos elects to withdraw before completing the US$24 million in expenditure it does not retain any equity in the oil projects.
Santos has the discretion to change the content of the expected work programme, in consultation with Caspian, as dictated by the technical demands that emerge over the implementation of the programme, whilst expending the committed amounts thereon.
Santos will complete a feasibility study by 1 January 2006 to determine whether it will participate in the development of the shallow northern prospects (defined as to a depth of up to 1,000m at the Charvak, East Mailisu, West Mailisu and Ashvaz licences). If it decides to proceed with the development, Santos must sole fund expenditure of US$2 million by 31 December 2006 and a further US$2 million by 30 June 2008 to earn its 80% equity. If Santos elects not to proceed, Caspian may develop these shallow structures on its own or farm them out to another operator. This arrangement has the potential to elevate Caspian to a producer status within a relatively short period of time.
Colin Carson
Director

[_Frank]

Oil and gas exploration company Santos says its promising half yearly profit results have been given a boost by project success in fields off the Gascoyne coast, Western Australia.

Profits were up 240 per cent to reach $290 million.

Santos` chief executive officer John Ellis-Flint says increased production as well as high commodity prices fuelled the good results.

Mr Ellis-Flint says a new project in the Carnarvon Basin has contributed to the good results.

"The big field that we brought on during the half year was Mutineer Exeter and that averaged around 72,000 barrels of crude a day and gross and that`s Santos first off shore operated development so that was a big part of the volume increase," he said.

Santos says its John Brookes field, also in the Carnarvon Basin, is scheduled to commence production in the next month.

[_Frank]

Activities:

Annual production 47.1 million boe
Reserves (2P) 643 million boe
2004 exploration 16 wildcat wells
2004 exploration expenditure $125.6 million
2004 development & delineation expenditure $803.9 million
Total assets $5,956 million
Number of employees 1,526

Financial Performance:

Annual sales revenue $1,500.9 million
Net profit after tax $379.9 million
Cash flow from operations $605 million
Earnings per share 58.6 cents
Ordinary dividends per share 33 cents
Cash flow per share 103.4 cents
Total shareholder return 32%
Total shareholders’ funds $3,498.3 million
Return on average ordinary equity 13.1%
Return on average capital employed 9.4%
Net debt/(net debt + equity) 24.4%
Net interest cover 9.2 times

[_Frank]

Hurra! Vom 29.09.05:

Im Fokus stand der Öl- und Gasförderer Santos, dessen Aktie sich um 5,9 Prozent verteuerte, nachdem das Unternehmen die Entdeckung eines neuen Gasfeldes bekannt gab.

[A70brse]

6 October 2005
FUELS Dividend Rate
Santos Limited today announced that the dividend rate for its Franked
Unsecured Equity Listed Securities (FUELS) will be 5.0738% per annum for
the dividend period from and including 30 September 2005 to 30 March 2006.
(The next dividend period will be from 31 March 2006 to 29 September 2006
inclusive).
After incorporating the value of expected franking credits, the grossed-up
dividend rate equates to 7.2483% per annum for the dividend period.
In accordance with the FUELS terms of issue, the non-cumulative floating rate
dividend on the FUELS, incorporating, on a grossed-up basis, the value of
franking credits, has been set at a 1.55% gross margin above the 180 day
bank bill swap rate for the applicable dividend period.
This bank bill swap rate on the first day of the dividend period (30 September
2005) was 5.6983%.
FOR OTHER ENQUIRIES PLEASE CONTACT:
Media Enquiries: Investor enquiries:
Kathryn Mitchell Dean Bowman
[phone] / 0407 979 982 (08) 8218 5150 / 0409 969 289
Santos stock symbols: STO (Australian Stock Exchange), STOSY
(NASDAQ ADR), Ref #82-34 (Securities Exchange Commission)

[Schnuerschuh]

Habt Ihr Caspian denn im Depot ?

Zudem wäre es schön wenn Ihr die Informationen im Caspian Thread einstellen würdet. Vielleich gibt es da auch was neues für Euch !

Aus meiner Sicht die Chance mit dem höheren Potential !

[_Frank]

Santos awarded acreage adjoining Caldita gas discovery
02 Nov 2005

Santos Limited today announced that it has been awarded exploration permit NT/P69, located in the Timor Sea adjacent to exploration permit NT/P61 which contains the recent Caldita gas discovery.

Exploration permit NT/P69 is in the Bonaparte Basin offshore Northern Territory, approximately 310 kilometres north-northwest of Darwin, and contains the previously discovered Lynedoch gas resource.

“This additional exploration acreage further enhances Santos’ position in the emerging northern Australian LNG province,” Santos Managing Director, Mr John Ellice-Flint, said today.

“The new permit is of particular interest in light of the recent Caldita gas discovery in the adjoining block,” he said

Both the NT/P69 and NT/P61 permits are jointly held by a wholly-owned Santos subsidiary, Santos Offshore Pty Ltd (40%), and an affiliate of ConocoPhillips (60% and operator).

FOR FURTHER INFORMATION PLEASE CONTACT:

Media enquiries Investor enquiries
Kathryn Mitchell Andrew Seaton
[phone] / 0407 979 982 [phone] / 0410 431 004

[DagobertDuck57]

Santos output pledge
Cameron England
13dec05

SANTOS will take delivery of the first of three automated truck-mounted drilling rigs this month, as part of its push to triple its Cooper Basin production to more than 20,000 barrels of oil per day.

In a briefing to analysts recently, Santos said it would spend $160 million drilling about 100 wells in the Cooper Basin, targeting oil and gas reserves equivalent to six to seven million barrels.
A further $110 million could be spent depending on the success of the initial drilling program.

In a briefing to the market yesterday, managing director John Ellice-Flint said: The geological certainty of this program is high, with the focus on being able to produce the oil in a cost-effective manner.

"Pilot programs . . . have already successfully demonstrated the new technologies. We know the concepts work and that there is a great deal of oil present, so we are excited at the prospect of developing this program into a long-term contributor to our bottom line."

The capital expenditure for the project could be up to $1.3 billion between now and 2010, with up to 1000 wells drilled targeting 75 million barrels of oil, of which Santos` share would be 50 million barrels.

Executive vice-president of operations Jon Young said the company would also spend $94 million on a new pipeline to its recently acquired Fairview coal seam gas field in southeast Queensland.

"Production has already been increased by some 10 to 15 per cent and by the end of the year gross production will be around 45 terajoules per day, limited by the capacity of the export pipeline," Mr Young said. "There are currently 52 producing wells, with a further 24 wells completed for production, but not yet connected.

"By the end of 2006, there will be approximately 90 producing wells, and field capacity will have increased to around 70 TJ/day.

"In the longer term, gross production is forecast to increase to approximately 200TJ/day by the end of 2011, with Santos`s share approximately 140 TJ/day."

Santos`s share of capital expenditure over this time is expected to be about $340 million, inclusive of the $94 million in 2006.

Santos shares yesterday rose 6c to $11.66.


Gruss

[DagobertDuck57]

Australia AGL: No Santos Agreement, Buys From BHP/Exxon

12-20-05 11:36 PM EST
MELBOURNE -(Dow Jones)- Gas and electricity provider The Australian Gas Light Co. (AGL.AU) said Wednesday it can`t agree on pricing to buy gas from Santos Ltd.`s (STO.AU) Cooper Basin and will purchase more of the fuel from BHP Billiton (BHP.AU) and ExxonMobil Corp. (XOM).

"The terms of our Cooper Basin contracts will now be subject to a formal price arbitration process to determine the price of gas to be supplied" over the three years to June 30, 2010, AGL Managing Director Greg Martin said in a statement.

AGL said it agreed to change existing contracts with BHP and Exxon for supply from their Gippsland Basin project, which is in Bass Strait between Australia`s mainland and the island state of Tasmania. AGL will now buy an extra 16 petajoules of gas from 2007 to 2009, bringing total sales from the Gippsland Basin to about 1,200PJ to 2017.

"The amended arrangements agreed with the Gippsland Basin reflect the ongoing competitiveness of Gippsland gas," Martin said.

The Copper Basin extends across the borders of Australian states Queensland and South Australia.

AGL shares rose 6 cents to A$17.06 at 0420 GMT. Santos gained 32 cents to A$ 12.02 and BHP was up 35 cents to A$22.45.

-By Matt Chambers, Dow Jones Newswires;

61-3-9614-2662; [e-mail]

-Edited by Paul Dekkers

[celticfrost]