Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


66 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

STO, SANTOS LIMITED
early birds
post Posted: Oct 1 2020, 09:12 AM
  Quote Post


Posts: 13,017
Thanks: 1490


In Reply To: early birds's post @ Sep 30 2020, 09:33 AM

https://www.sharecafe.com.au/2020/10/01/san...or-gas-project/

Australian Workers Union national secretary Daniel Walton said the Narrabri project would ensure NSW was provided with lower gas prices, which would mean cheaper electricity for households.

Our union has never accepted the false choice between gas and renewables you need the reliability of the former to allow the latter to flourish, he told the media.

=====================

union gonna make Scotmo happy this time, what about water front union??? lmaosmiley.gif



 
early birds
post Posted: Sep 30 2020, 09:33 AM
  Quote Post


Posts: 13,017
Thanks: 1490


https://www.afr.com/companies/energy/santos...20200929-p560dz

Santos has won conditional state environmental approval for its controversial $3.6 billion Narrabri gas project in northern NSW but opponents have immediately vowed to ramp up their battle to prevent it ever going ahead.

The ruling from the NSW Independent Planning Commission, which dictates a phased development under 134 conditions, sits neatly with the federal government's push for a gas-led economic recovery.


The ruling effectively dictates the future of the gas industry in the state, influencing whether NSW can develop its own plentiful coal seam gas resources or whether it will rely on imports from Queensland, South Australia and overseas for future supplies.


=================

local people isn't happy about. but it is in line with Scotmo's "gas economy"!!



 
blacksheep
post Posted: Oct 15 2019, 01:31 PM
  Quote Post


Posts: 6,791
Thanks: 2307


14 October 2019
Acquisition of ConocoPhillips’ northern Australia interests
QUOTE
Key Highlights
 Acquisition of ConocoPhillips’ northern Australia business with operating interests in
Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion plus a
$75 million contingent payment subject to FID on Barossa
ï‚· Value accretive acquisition of operating interests in long-life, low cost natural gas assets
and strategic LNG infrastructure consistent with Santos' core asset growth strategy
ï‚· Fully funded from existing cash resources and new committed debt
ï‚· Materially accretive: ~16% expected earnings per share accretion and ~19% EBITDAX
accretion in 20201
ï‚· Increases pro-forma production by ~25%, pro-forma 2P reserves by ~5% and pro-forma
2C contingent resources by ~27%2
ï‚· Reduces forecast 2020 free cash flow breakeven oil price by ~US$4 per barrel
ï‚· Targeting pre-tax synergies of US$50-75 million per annum (excluding integration and
other one-off costs) driven by Santos operatorship and efficiencies
ï‚· Acquisition delivers operatorship and control of strategic LNG infrastructure with growth
potential
 Acquisition advances and supports Santos’ goal of taking Barossa FID by early 2020.
Santos is prepared to sell down equity in Barossa and Darwin LNG to a target ownership
of 40-50% to achieve increased partner alignment
ï‚· Barossa partner SK E&S is highly supportive and has signed a Letter of Intent to acquire a
25% interest in Bayu-Undan and Darwin LNG
ï‚· Santos is also in discussions with existing Darwin LNG joint-venture partners for equity in
Barossa and in advanced discussions with LNG buyers for Barossa offtake volumes,
including with an existing partner in Darwin LNG


FWIW - UBS rates STO as Neutral

QUOTE
Santos will acquire ConocoPhillips' northern Australian assets for $1.39bn. The transaction will be funded from free cash flow and $750m in new debt facilities as well as a 25% equity sell-down of Bayu-Undan and Darwin LNG.

The transaction increases forecast production by 12% and UBS estimates the acquisition will deliver 9% upside to operating earnings (EBITDA) in 2020. Neutral rating maintained. Target rises to $8.10 from $7.20.

https://www.shortman.com.au/stock?q=sto
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Oct 8 2019, 10:57 AM
  Quote Post


Posts: 6,791
Thanks: 2307


QUOTE
Santos oil strike
By Lucy Battersby
Shares in Santos are up 2 per cent to $7.50 after it reported stronger than expected oil flows from its Dorado-3 well in Western Australia. Testing indicates a potential flow of 30,000 barrels of oil each day from what is known as the Caley reservoir.

The oil discovery is in Commonwealth waters about 160 kilometers north of Port Hedland in an areas in which Santos has an 80 per cent stake and Carnarvon Petroleum holds the remaining 20 per cent. Shares in Carnarvon are up 7.9 per cent to 41¢ today.

Santos will extract the oil then plug and abandon the reservoir.


Attached thumbnail(s)
Attached Image

Attached Image



 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 3 2018, 03:32 PM
  Quote Post


Posts: 6,791
Thanks: 2307


Not sure how big Curtis Island is and whether STO's storage facility on Curtis Island is in the fire's path.

QUOTE
PREPARE TO LEAVE 11:55AM 3/12 | The Curtis Island bushfire is Watch and Act.

Queensland Fire and Emergency Services (QFES) advises there is a bushfire in Curtis Island and conditions could get worse.

You need to be ready to follow your bushfire survival plan. If you do not have a plan, or intend to leave, you should be ready to leave the area because the situation could get worse quickly.

Currently as at 11.55am Monday 3 December, an unpredictable fire is travelling from Reserve Esplanade, in the northern part of the island, in a northerly direction towards the coastline. The fire is likely to impact this area.


https://www.4ro.com.au/news/local-news/1158...island-bushfire

Hope everyone remains safe

Map here
QUOTE
The four LNG projects are all located in the Curtis Island Industry Precinct of the Gladstone State Development Area (GSDA). This is the dark purple area at the south western end of the island on the first map below. The second map shows the LNG plant locations.

https://www.cccqld.org.au/curtis.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 25 2018, 01:47 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Sep 24 2018, 11:01 PM

QUOTE
BUZZ-Australia's energy index surges as oil prices rally
** Australia's energy index <.AXEJ> jumps 2.4 pct to a near 1-1/2 month high
** Oil and gas explorers Santos , Beach Energy and Woodside Petroleum lead gains, rise in range of 2 pct to 4.1 pct
** Oil prices rally as after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply [O/R]
** Santos and Woodside each hit more than 3-year highs


STO up 3.02% @ $7.345

https://www.shortman.com.au/stock?q=sto
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

Featured Stock Stories





blacksheep
post Posted: Sep 24 2018, 11:01 PM
  Quote Post


Posts: 6,791
Thanks: 2307


SEPTEMBER 21 2018 - 11:34AM
Jemena signs Mount Isa gas deal with Santos
QUOTE
Energy companies Jemena and Santos have signed a new contract on Friday to ship gas across the new Northern Gas Pipeline from the Northern Territory to Mount Isa.

The value of the contract has not been disclosed but the deal delivers Santos eight terajoules of Northern territory gas a day which will be used to provide energy for mining and mineral processing operations in the Mount Isa region........

read more - https://www.northweststar.com.au/story/5660...al-with-santos/
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mullokintyre
post Posted: Sep 4 2018, 02:56 PM
  Quote Post


Posts: 2,839
Thanks: 1031


In Reply To: mullokintyre's post @ Aug 27 2018, 11:46 AM


I was partly right.
There is a push for a royal comission into the energy retailers, but it has come from the new Prime Misister.

QUOTE
Prime Minister Scott Morrison says he has an open mind about the possibility of a royal commission into the energy sector, an idea floated by Home Affairs Minister Peter Dutton during his abortive push for the Liberal leadership.


Mr Morrison said he did not want a royal commission "at this point" but would consider it because he agreed with the argument that power companies were as bad as the banks.SMH

And right on cue, Bill Shorten backs him up.

QUOTE
Bill Shorten says any royal commission into energy prices must include an analysis of whether privatisation of electricity assets has caused prices to go up.

The Labor leader was responding to comments from Prime Minister Scott Morrison, who this morning said he agreed with his Energy Minister Angus Taylor that the big energy companies are as bad as the big banks and that he is open to a royal commission into the power industry.


The Australian

You can just about guarantee it will happen now.

There will be horse trading - ,Sco Mo will support a RC into energy co's if Bill supports something he wants.

Mick




--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Aug 27 2018, 11:46 AM
  Quote Post


Posts: 2,839
Thanks: 1031


In Reply To: early birds's post @ Aug 27 2018, 11:00 AM

I am reluctant to invest in the energy sector in the medium to long term.
Given that we are a very short odds on bet to have a Labor Government next year, I can see a Royal Comission coming into the retail energy sector.
The greens will support it, and given the Labor proposal to be 50% renewal, being able to show that energy retailers are just as rapacious as the banks,
they can blame all our energy woes on the retailers/generators, and get away with it.
Mick



--------------------
sent from my Olivetti Typewriter.

Said 'Thanks' for this post: early birds  nipper  
 
early birds
post Posted: Aug 27 2018, 11:00 AM
  Quote Post


Posts: 13,017
Thanks: 1490


Three months after rejecting a $14 billion plus takeover offer from US private equity Santos has gone on the takeover trail itself, buying Quadrant Energy for $US2.15 billion or $A2.9 billion.

Quadrant was formed in 2015 from the WA assets of US oil group Apache and is jointly owned by Brookfield Asset Management, Macquarie Capital, Wesfarmers and AMB Holdings.

The owners had explored a float of Quadrant but abandoned the move this year.

It is best known for its 80% stake in the recent Dorado oil strike off the northern WA coast.

According to the statement on Wednesday Santos will also make a contingent payment relating to the Dorado oil discovery and a royalty over all other future hydrocarbons produced in Quadrant’s Bedout Basin areas off the Pilbara.

Two of the main assets Quadrant operates, the Varanus Island and Devil Creek processing plants, are 45% owned by Santos.

With total ownership of these two plants and 29% of the BHP’s Macedon gas plant, the deal will make Santos a dominant player in the WA domestic gas market.

Figures released this week by minority partner Carnarvon Petroleum put Dorado’s contingent resources at 171 million barrels of oil plus gas.

Quadrant’s share of production in 2017 from its assets was 19 million barrels of oil equivalent (mmboe). It had 2P reserves of 220 mmboe at the end of that year.

The deal will increase Santos’ proven and probable reserves by 220 million barrels of oil equivalent by around 26% and its annual production levels by around 32%, or 19 million barrels of oil equivalent.

“This acquisition delivers increased ownership and operatorship of a high-quality portfolio of low cost, long-life conventional Western Australian natural gas assets which are well known to Santos, and importantly significantly strengthens Santos’ offshore operating capability,” Santos managing director Kevin Gallagher said.

“It is materially value-accretive for Santos shareholders and advances Santos’ aim to be Australia’s leading domestic natural gas supplier,” he said.

Santos said the takeover would be funded from existing cash resources and new debt facilities.

Wesfarmers said it would net $US170 million from the sale of 13.2% stake. The interest had been acquired for $US100 million.

Wesfarmers said it expected to report a pre-tax profit from the transaction of about US$98 million.
=================

now we see a up ramping from market......... with current oil price i reckon this one can go little higher than current level




Said 'Thanks' for this post: nipper  
 
 


66 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING