News: OSH Santos Posts Qtrly Production 21.9 Mmboe Vs 25.1 Mmboe As Reported Year Ago

Oct 21 (Reuters) - Santos Ltd (STO) :

• AT CURRENT COMMODITY PRICES, SANTOS SHOULD GENERATE CLOSE TO US$1.3 BILLION IN FREE CASH FLOW FOR FULL YEAR.
• MAKING "GOOD PROGRESS" ON BAROSSA PROJECT
• SEES FY PRODUCTION 88-91 MMBOE
• COMMENCED PROCESS TO REGISTER MOOMBA CCS PROJECT WITH CLEAN ENERGY REGULATOR
• QTRLY PRODUCTION 21.9 MMBOE VERSUS 25.1 MMBOE AS REPORTED A YEAR AGO
• QTRLY SALES REVENUE $1.14 BILLION, UP 6%
• QTRLY SALES VOLUME 24.4 MMBOE VERSUS 29.1 MMBOE AS REPORTED A YEAR AGO
• SEES FY21 CAPITAL EXPENDITURE - BASE $800-900 MILLION
• PROPOSED MERGER WITH OIL SEARCH IS ON TRACK FOR COMPLETION BY YEAR-END
• SEES FY21 MAJOR GROWTH CAPITAL EXPENDITURE TO BE IN RANGE OF $500-600 MILLION
• SEES FY21 UPSTREAM PRODUCTION COSTS $7.70-8.00/BOE