The debt term is in U.S. Dollars and they trade oil in U.S. Dollars so a lower Aussie dollar helps with getting a bigger return per barrel of oil but it means the interest bill is higher. So all in all it evens itself out. A lower Aussie dollar will be more benificial for Santos once the debt has been lowered to a reasonable amount, my guess is they will divest NT, WA & Vietnamese assets for around 2 billion. With GNLG tipped to come online next week they will be generating positive cash flow with oil/dollar prices how they currently are.
The debt term is in U.S. Dollars and they trade oil in U.S....
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