July 31, 2016 12:24 AM ET

Diversified Financial Services

Company Overview of Santos Finance Ltd.

Company Overview

Santos Finance Limited raises debt for Santos Limited Group to fund their investment programs in Australia. It also manages cash. The company was incorporated in 1984 and is based in Adelaide, Australia. Santos Finance Ltd. operates as a subsidiary of Santos Limited.

Santos Centre

Ground Floor

60 Flinders Street

Adelaide, SA 5000

Australia

Founded in 1984

Key Executives for Santos Finance Ltd.

Santos Finance Ltd. does not have any Key Executives recorded.

Santos Finance Ltd. Key Developments

Santos Finance Ltd. Announces Operating Results for the Second Quarter and First Half of 2016; Reports Capital Expenditure Results for the First Half of 2016

Santos Finance Ltd. announced operating results for the second quarter and first half of 2016. The company recorded first half production of 31.1 mmboe, up 10% on the prior half-year. Average realised oil price decreased 29% to USD 43 per barrel for the first half. Upstream production costs of USD 8.80 per boe, 15% lower than the prior half-year. Second quarter production of 15.5 mmboe, up 8% on the corresponding quarter. The company reported GLNG train 2 commenced LNG production on 26 May 2016. GLNG produced 1 million tonnes of LNG in the second quarter and shipped 16 cargoes. The company reported 2016 first half capital expenditure of USD 283 million, 58% lower than the prior half-year.

Santos Finance Completes Strategic Review

Santos Finance Limited completed its strategic review. The company has $3.5 billion capital initiatives to strengthen balance sheet.

Santos Finance Ltd. Announces Production Results for the Second Quarter of 2015; Reports Capital Expenditure for the Six Months of 2015

Santos Finance Ltd. announced production results for the second quarter of 2015. For the quarter, production was 14.3 million barrels of oil equivalent (mmboe) and sales volumes was 15.7 mmboe, 12% and 4% higher than the corresponding quarter. Sales revenue fell 19% on the corresponding quarter, affected by the lower realised oil price. For the year to date, capital expenditure is 53% below 2014 levels.

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Recent Private Companies Transactions

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