I wonder if this, (The following), had something to do about...

I wonder if this, (The following),  had something to do about what happened to the big dump yesterday.""


""Writedowns

Burning a hole in Santos’ proverbial pocketbook are the company’s Cooper Basin gas producing assets, GLNG assets and Gunnedah Basin assets, all of which have reduced in value.The Cooper Basin assets comprised the largest part of the writedown ($2.09 billion) while the value of the Gunnedah Basin CSG assets plunged by $588, GLNG dropped by $565 million and a suite of other production including WA oil assets, Chim Sao in Vietnam, Denison in Queensland, SE Gobe in Papua New Guinea, Patricia Baleen in Victoria and Mereenie in the Northern Territory slipped by $541 million.

Other exploration and evaluation assets, including licences in PNG, Malaysia's Block S and Santos' Cooper unconventional upside, were written down by $97 million.Assets held for sale were also written down to the tune of $38 million, most of which was in the Kipper field, sold last year.

Reserves

As a consequence of the oil price and a decision to reclassify the Gunnedah Basin CSG reserves as contingent resources 2P reserves are 24% lower (133MMboe) than 2014 at 954MMboe, enough for around 16 years of production based on 2015 output levels.The 2P reserves in the Cooper gas business were down 19% (38MMboe) before production due to lower oil price assumptions, although 1P reserves for GLNG increased 15%.""

Emphasis added.


Now, you can see therein that Mereenie is included in there as well...