Santos Limited · ASX:STO
Santos — Macquarie Securities (Australia) Limited Australian Conference 2008
10 slides from Santos's conference presentation, May 8, 2008
Slide 1: Macquarie Conference Presentation (ASX cover note)
Santos Ltd A.B.N. 80 007 550 923 Ground Floor Santos Centre 60 Flinders Street Adelaide SA 5000 For personal use only GPO Box 2455 Adelaide SA 5001 Telephone: 08 8116 5000 Facsimile: 08 8116 5623 To: Company Announcements Office ASX Ltd From: Company Secretary Date: 8 May 2008 Subject: Macquarie Con
Slide 2: Santos: At the Inflection Point
For personal use only Santos: At the Inflection Point Peter Wasow - Chief Financial Officer 8 May 2008 1. Transforming Santos: a leader in Asian Energy Building Asian Position Emerging Extending franchise Player in LNG Series of growth A leader in assets for globally priced gas Australia Legacy asse
Slide 3: Summary: At the Inflection Point
Summary: At the Inflection Point Gladstone LNG transforms Santos: Strategy causes a shift from domestic to global pricing For personal use only Santos has a leadership position in East Australian Gas Santos has a leadership position in Coal Seam Gas to LNG And is therefore positioned for a step chan
Slide 4: Santos' Five Business Areas / GLNG Creates Value Inflection Point
Santos’ Five Business Areas LNG Asian For personal use only Growth Inflection point in East Australian gas and LNG values is the focus of this presentation Western Australia Oil & Gas East Cooper Basin Australian Oil Gas Legend Exploration Production 5. GLNG Creates Value Inflection Point East Austr
Slide 5: Coal Seam Gas: A Game Changing Resource Play
Coal Seam Gas: A Game Changing Resource Play 3P 61+ tcf* For personal use only 3P 113+ tcf* CSG Resource Potential 250+ tcf* *Source: Carnarvon and Browse Basin: Wood Mackenzie CSG: ABARE: Australian Gas Supply Demand Balance to 2019-20 7. Energy Market Differentials Prices available in domestic and
Slide 6: Santos' Leading CSG Acreage Position
Santos’ Leading CSG Acreage Position Denison 100 100 km km Bowen Gladstone Basin Greater Scotia • 0.8 million acres (net) • 0.5 million acres (net) • Exploration stage • 27 TJ/d production • Same coals as Fairview Queensland For personal use only • Production since 2002 Greater Fairview • 0.8 millio
Slide 7: Santos: Leader in East Australian Gas
Santos: Leader in East Australian Gas Mt Isa Santos Non- Non-CSG East Australian gas reserves and resources Denison Gladstone 3 Trough Fairview Scotia For personal use only 2.5 Roma Wallumbilla Ballera 2 Moomba Brisbane tcf 1.5 1 0.5 Pt Bonython 0 Sydney 2P Mean contingent Adelaide resource (2C) Can
Slide 8: Gladstone LNG: Transforming Santos
Gladstone LNG: Transforming Santos • GLNG exposes Santos’ 100 km large scale gas resources Bowen Basin Gladstone to international markets: For personal use only - Access LNG pricing Fairview - Access LNG market volumes - Access higher rates • CSG resources: Roma Queensland - Large position, captured
Slide 9: PNG LNG Takes Shape
PNG LNG Takes Shape The PNG LNG Project has built significant momentum… • Pre FEED work on 6.3 mtpa plant Juha completed Hides & Angore For personal use only • Material ramp up of project team Kutubu & Agogo and expenditure Gobe • Joint venture alignment and key commercial terms complete • Marketing
Slide 10: Delivery track record
Delivery track record Reserves and resources Reserve replacement cost continue to grow decreases 20 4,000 3,500 For personal use only 15 3,000 A$/boe 2,500 mmboe 2,000 10 1,500 1,000 5 500 0 0 2004 2005 2006 2007 2004 2005 2006 2007 1P 2P 2C* 2007 replacement rate 175% 178% 587% 3 yr ave replacement
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