From Santos ASX announcement today:
Quote:
Lower US$ oil price assumptions also impacted the Cooper Basin assets, however this is more than offset by a continuation of the cost efficiencies and performance improvements achieved during 2016 allowing increased drilling activity and production. This has resulted in an expected positive net write-back to the Cooper Basin carrying value of approximately US$330 million after tax.
End quote:
2P Reserves History, page-4
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