STO 0.56% $7.23 santos limited

News: STO UPDATE 1-Australia's Santos posts record production in second quarter, page-10

  1. Ya
    6,809 Posts.
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    Woodside's production was down due to planned maintenance at Pluto's refrigeration unit. All sorted now. Also WPL didnt produce any Oil from Enfield & Vincent oilfields in the Exmouth, just the oil Wanaea-Cossack cluster on the NWS kept them going. So the downtime on lost production from these 3 fields is the reason behind their low prodcuction figures.

    HY next month will be interesting when the FCF can b compared with STO at USD600mil. For STO the organic growth from the Quadrant acq will work well before Barossa kicks in For Barossa they've booked 2C 1.1 TCF net or apprx 183 mmboe (gross is 4.3 Tcf).

    Total 2C acquired from acq fro Quadrant & divestmnt to Ophir last year was 294 mmboe. This will change once they revise figures for Dorado.
    From a full year perspective they should be able to sell 17-19 mmboe from the Quadrant WA assets to generate extra cashflow.

    Elsewhere, WPL picked NT/P86 next to Barossa-Caldita block. Planned activity for the first 3 yrs is on geological & seismics studies. How long before they rock up in the Bedout, that's the big question.
 
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