Aug 15 (Reuters) - Santos Ltd (STO)
- Expects to recognise a non-cash net impairment charge of approximately US$690 million after tax in its 2017 half-year results
- Expects to recognise an impairment of glng of approximately US$870 million after tax, predominantly due to lower oil prices
- Expected net impairment charge is an after-tax, non-cash item with no impact on EBITDAX or cash flow
- Expects to take an impairment charge against non-core AAL asset in Indonesia of approximately us$150 million after tax
- Lowered its brent oil price forecasts to US$50/bbl in 2017, US$55/bbl in 2018, US$60/bbl in 2019, US$65/bbl in 2020, US$70/bbl in 2021 and US$70/bbl from 2022
- "Expected positive net write-back to cooper basin carrying value of approximately US$330 million after tax"
Aug 15 (Reuters) - Santos Ltd (STO) Expects to recognise a...
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$6.96 |
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0.140(2.05%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.99 | $6.93 | $7.073M | 1.016M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1169 | $6.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.97 | 40401 | 17 |
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