News: STO Santos Posts Q2 Production Of 14.2 mmboe

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