http://www.howlinggales.com/santos-sto-asx-pulse-check/
The forecast below 2016 cash flow positive at US$47 not including the Kipper Sale so upstream cost reductions put this in line?
In its 2015 annual report Santos had its Oil forecast for 2016 pegged at US$40 a barrel.
- "After significant cost reductions Santos forecasts itself to be cash flow positive at US$32 per barrel in 2016. Without the Kipper Asset sale this would be US$47 per barrel.
- 2017 Sustaining Capex has scope to decline further towards AU$700m which brings you to roughly a US$37 breakeven cost per barrel.
- Santos also has access to approximately AU$3.5bn in undrawn funding through bi-lateral bank loans.
- As you can see below there are no significant upcoming debt repayments under 2019."
Ann: Second Quarter Activities Report-STO.AX, page-11
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