Did any one go to the annual meeting and could kindly give a overview?
"Mr Gallagher has been tasked to reducing the oil price at which Santos breaks even on a cash flow basis to $US35-$US40 a barrel, from the high $US40s range at present.
But he said in answer to a question that he couldn't predict "if and when" the company might reach that goal, suggesting a further restructuring of the asset base may be required.
"I don't know if and when we will achieve that goal with out current portfolio," Mr Gallagher said."
Not sure where the info was from but this article stated
http://www.howlinggales.com/santos-sto-asx-pulse-check/
- "After significant cost reductions Santos forecasts itself to be cash flow positive at US$32 per barrel in 2016. Without the Kipper Asset sale this would be US$47 per barrel."
Oil Rally Confirmed, page-888
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