STO 1.16% $6.84 santos limited

News: STO Santos Posts Q2 Production Of 14.2 mmboe

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    July 19 (Reuters) - Santos Ltd (STO) :

    • Q2 PRODUCTION 14.2 MMBOE VERSUS 14.7 MMBOE
    • Q2 SALES VOLUME 19.1 MMBOE VERSUS 21.5 MMBOE LAST YEAR
    • Q2 SALES REVENUE US$886 MILLION VERSUS US$769 MILLION
    • BOARD TO CONSIDER A RETURN TO DIVIDENDS AT 2018 HALF-YEAR RESULTS
    • AS AT 30 JUNE 2018, SANTOS HAD NET DEBT OF US$2.4 BILLION
    • NEW DIVIDEND POLICY WILL TARGET A RANGE OF 10% TO 30% PAYOUT OF FREE CASH FLOW PER ANNUM
    • SALES VOLUMES, PRODUCTION AND PRODUCTION COST GUIDANCE FOR 2018 IS MAINTAINED
    • SEES 2018 CAPITAL EXPENDITURE (INCLUDING EXPLORATION, EVALUATION & RESTORATION, EXCLUDING CAP. INTEREST.) OF US$775 MILLION -US$825 MILLION
 
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