As extracted (far below) from the Santos (STO) Qty report, looks like the bean counter deal has yet again hit a stumbling block as STO initiates more cost savings into 2016. I would like to know who if anyone is planned for the chopping board at central as part of their own cost preservation strategies?
I wana to see significant and meaningful cost savings, even if this considers termination of industry best staff. I shall be very sorry to see our best go, but for the sake of cash preservation, does the needy need to be done. We can always employ back when the coy goes back to exploration in year 2020, and having a nice rest, shall be fully rejuvenated.
"The company is also considering its 2016 operational and development plans and forecasts, with a focus on preserving cash and will provide an update at the release of its 2015 financial accounts"
