Santos Limited · ASX:STO
Santos — Investor Day (June 2008)
83 slides from Santos's investor day presentation, Jun 3, 2008
Slide 1: ASX announcement: Santos Investor Seminar Presentation
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: 3 June 2008 Subject: Santos Inves
Slide 2: Santos Investor Seminar 3 June 2008
For personal use only Santos Investor Seminar 3 June 2008 1
Slide 3: Disclaimer & Important Notice
Disclaimer & Important Notice For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range
Slide 4: Agenda
Introduction For personal use only Strategy David Knox Base Business Eastern Australia Gas Rick Wilkinson Western Australia Oil & Gas Roger Kennett Cooper Basin Oil Mark Macfarlane LNG Growth in LNG David Knox CSG Assets Mark Macfarlane Gladstone LNG David Knox PNG LNG & Darwin LNG John Anderson Asi
Slide 5: Strategy
For personal use only Strategy David Knox Acting CEO 4
Slide 6: An Australian Company Providing Energy for Asia
An Australian Company Providing Energy for Asia For personal use only Through: Delivering the base Tapping our resource riches Being a great place to work …and do it all safely and sustainably to deliver a superior shareholder return 5
Slide 7: Energy World
Energy World For personal use only Fundamentally Unprecedented Asian economic growth driving energy demand Rising CO2 emissions Security of supply becoming incredibly important To meet energy needs while reducing emissions… Gas must have an increasing share of the fuel mix Unconventional energy supp
Slide 8: Fundamental Shift Globally
Fundamental Shift Globally For personal use only An Australian company providing energy for Asia China Rest of World Growth in Primary Energy Demand (2000 – 07) Map Source: NASA India Rest Asia-Pacific Chart Source: BP 2007 Statistical Review 7
Slide 9: EA CSG: Globally Significant Play in an Access Constrained World
EA CSG: Globally Significant Play in an Access Constrained World For personal use only 1970 2007 NOC IOC Partial list for comparison Soviet Russian NOC Reserves Full IOC Access (78%) (85%) Russia 300 Canada 164 ME US 37 28 743 177 Iran 90 Algeria 159 Malaysia CSG +40bboe 33 Qatar 16 Resource potenti
Slide 10: Santos Positioning
Santos Positioning For personal use only In Australia Extending its 50-year history of reliably serving Australia, Santos will in: Gas: help meet low emission needs with our conventional and rapidly growing cupboard of unconventional sources Oil: supply into global shortage In LNG With our emerging
Slide 11: Will Achieve Strategy Through Delivery
Will Achieve Strategy Through Delivery For personal use only Using quality assets in an extensive footprint, Santos will safely deliver: Reliable base business in Australia: Eastern Australia: price and volume growth Cooper Oil: high-value scaleable exploitation opportunity WA: exploit asset positio
Slide 12: Delivered into Higher Pricing
Delivered into Higher Pricing For personal use only Continuing high oil prices LNG oil parity in Asia West Texas Intermediate 30 150 RL 3 25 Qatargas-4 20 100 US$/mmBtu 15 North West Shelf 50 10 MLNG 5 Tannguh 0 0 96 97 98 99 00 01 02 03 04 05 06 07 08 0 15 30 45 60 75 90 105 120 135 150 US$/bbl LNG
Slide 13: Track Record in Operational Delivery
Track Record in Operational Delivery For personal use only Total Recordable Case Frequency Rate Number of wells drilled 300 20 250 16 200 12 150 8 100 4 50 0 0 2004 2005 2006 2007 2008 98 99 00 01 02 03 04 05 06 07 Total Conventional O&G Total CSG Wells Continuous improvement in sustainability score
Slide 14: Summary: Santos Beyond the 2P
Summary: Santos “Beyond the 2P” For personal use only Near term oil development Significant oil prospects in Chim Sao/Dua in Vietnam PNG LNG – Expansion Multiple TCF gas prospects opportunities in Bay of Bengal PNG LNG – significant project underpinned by Near-term oil and gas development world clas
Slide 15: Delivery of Australian Base Business
For personal use only Delivery of Australian Base Business 14
Slide 16: Eastern Australia Gas
For personal use only Eastern Australia Gas Rick Wilkinson Vice President - Commercial 15
Slide 17: Demand for Eastern Australia Gas
Demand for Eastern Australia Gas For personal use only Demand will more than double within 10 years… 1800 1600 Planned 1400 LNG Projects PJ/a 1200 1000 Carbon driven fuel switching 800 10 Year Historic Average 600 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: NEMMCO, Santos, company anno
Slide 18: Increasing Value of Gas due to Carbon
Increasing Value of Gas due to Carbon For personal use only Impact of carbon cost on electricity prices Implied gas price increase $120 +$5.00 +$3.50 $80 $/MWh $40 $0 CCGT Dry Brown Coal Dry Black Coal Base Long Run Marginal Cost (LRMC) $50/t carbon Incremental LRMC Source: Santos, SKM 17
Slide 19: Energy Market Differentials
Energy Market Differentials For personal use only Prices available in domestic and export markets 14 Average Asian Domestic Australian LNG Price (1) netback range (2) 12 10 8 $A/GJ 6 4 2 Santos average realised gas price 0 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 (1) Source: Ar
Slide 20: Reserves and Production Growth as Prices Increase
Reserves and Production Growth as Prices Increase For personal use only 6 5.7 U.S Growth Analog Production Natural gas production (tcf/yr) 5 Combination of higher gas price, 4 3.6 vast resource volumes and production 3 technology advancement has resulted 1.8 2 in substantial growth in North American
Slide 21: Conventional Reserves Grow in Cooper as Prices Rise
Conventional Reserves Grow in Cooper as Prices Rise For personal use only Expectation of higher gas prices combined with liquids… 17.4 TCF 2P OGIP Cooper gas reserves at 23.8 TCF 3P OGIP commercial not technical recovery limits Current 2P Recovery: 9.7 TCF Sold: 8 TCF Material reserves growth achiev
Slide 22: Impact on Unconventional Cooper Gas Resources
Impact on Unconventional Cooper Gas Resources For personal use only Measured and considered program to define potential Moomba USA unconventional gas production has doubled since 1992 Developed TOOL DARA Conventional STO mean prospective resource >7 TCF High graded 3 play types Undeveloped Shale ROS
Slide 23: Capturing the Infrastructure Value
Capturing the Infrastructure Value For personal use only Santos has the premier gas supply infrastructure position to benefit from increasing price volatility Gladstone VENCorp Daily Spot Price st (1 June 07 – 30 May 08, Interval 2) 25 Fairview Roma Scotia Ballera Wallumbilla Peaking Price Volatilit
Slide 24: Summary: Price and Volume Growth
Summary: Price and Volume Growth For personal use only Demand for Eastern Australia gas will more than double within 10 years Prices will increase as: - Arbitrage closes between domestic and export markets - Carbon is valued into domestic power generation This price increase will drive conventional
Slide 25: Western Australia Oil and Gas
For personal use only Western Australia Oil and Gas Roger Kennett Vice President - Operations 24
Slide 26: WA Oil & Gas
WA Oil & Gas For personal use only Exploit favourable asset position… 22% 2008-2010 Production 22% of Santos YE07 2P Reserves Indian Ocean Oil: - Production and redevelopment Reindeer options to enhance production (Stag, Barrow and Mutineer - Varanus Is. Exeter) Gas Hub Dampier Gas: Barrow Is. Weste
Slide 27: WA Domestic Gas Prices Reflecting LNG Parity
WA Domestic Gas Prices Reflecting LNG Parity For personal use only Western Australia domestic gas pricing… Current Contracting Western Australia trends Gas Pricing Trend 8.00 No Caps 7.00 No Collars 6.00 Gas Price 5.00 No Floors 4.00 Full floating, liquids 3.00 linkage 2.00 1.00 Time 26
Slide 28: Reindeer Development
Reindeer Development For personal use only Fast-tracking discovery… Unmanned 6 slot platform in 65m of water 45% WI, Apache operator FID achieved 2Q08 Indian Reindeer (WA-209-P) Ocean CAPEX $379m (net) Single 3 phase export pipeline First gas end 2010 Varanus Is. Dampier 400-600 bcf resource Onshore
Slide 29: Cooper Basin Oil
For personal use only Cooper Basin Oil Mark Macfarlane Vice President - Development
Slide 30: Cooper Basin Oil
Cooper Basin Oil For personal use only Future scale of program will be determined by economics … Cooper Basin Oil Forecast Results from low permeability 14,000 reservoirs disappointing 12,000 10,000 Net (bopd) Success in deeper / higher 8,000 6,000 rate reservoirs 4,000 2,000 Optimising target selec
Slide 31: Enhanced Oil Recovery
Enhanced Oil Recovery For personal use only Application of global technology locally … Primary Secondary Tertiary Successful CO2 flood analogies 25-65% Recovery Factor 15-45% eg CO2 - North/South Cross, USA eg flood 5-35% waterflood - Incremental 30-40% Recovery eg Factor freeflow Santos Tirrawarra
Slide 32: Moomba Carbon Storage (MCS) Phase
Moomba Carbon Storage (MCS) Phase 1 For personal use only Ability to inject to 1 mmtpa CO2 … Previous experience with successful Tirrawarra OHIP (gross) ethane injection in Tirrawarra 700 Raw gas injection pilot in Fly Lake 600 to start in 2H 2008 500 Current Tirrawarra recovery factor mmboe 400 low
Slide 33: Eastern Australia Gas - Milestones
Eastern Australia Gas - Milestones For personal use only Project 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 FEED FID Startup Fairview CSG 115 TJ/Day Henry Discovered FEED FID Startup (VIC/P44 July 2005 Stage 2) Discovered FID Startup Kipper 1986 Patricia- FEED Startup Pre-FEED FID Baleen
Slide 34: WA & Cooper Oil - Milestones
WA & Cooper Oil - Milestones For personal use only Project 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Discovered FEED FID Startup Reindeer 1997 Cooper Oil Jackson to Pre-FEED FEED FID Startup Moomba Pipeline Charon Well Exploration Pre-production Production Milestone 33
Slide 35: Growth in LNG
For personal use only Growth in LNG David Knox Acting CEO 34
Slide 36: 2020 LNG Growth Aspiration
2020 LNG Growth Aspiration For personal use only Kutei LNG Kutei Santos: 20-50% PNG LNG DLNG1 & Bayu-Undan Santos: 17.7% Santos 11.4% PLNG DLNG2 DLNG GLNG Santos (Op): Petrel 95% Santos (Op): Tern 100% Santos (Op): 60% Santos (Op): Evans Shoal 40% Santos: Barossa Caldita 40% Browse GLNG Browse LNG S
Slide 37: CSG Assets
For personal use only CSG Assets Mark Macfarlane Vice President - Development 36
Slide 38: Burgeoning Australian CSG Industry
Burgeoning Australian CSG Industry For personal use only Australian CSG production growth is following a similar pathway to the more established CSG resources in the USA Key metrics of the USA CSG industry Historic CSG Production include: (USA vs Australia) - 20 producing basins 1800 - 40,000 produc
Slide 39: Santos CSG Assets are World Class
Santos CSG Assets are World Class For personal use only Fairview, Roma and Scotia rank them amongst the world’s best CSG assets Gas Coal Field Permeability Saturation Flow Rate Spacing GIP/Well Content Thickness Fairview Roma Scotia San Juan Powder River Black Warrior Santos assets acceptable good b
Slide 40: CSG Reserve Development – Key Milestones
CSG Reserve Development – Key Milestones For personal use only PROPECTIVE CONTINGENT 3P 2P 1P RESOURCE RESOURCE Core holes Pilot wells Geological Geological Core holes Core holes Development wells review review Pilot wells Field development Seismic Qld 21,000 PJ 7,523* PJ 2,911* PJ 1,035* PJ 427* PJ
Slide 41: Santos' Leading CSG Acreage Position
Santos’ Leading CSG Acreage Position For personal use only Denison Greater Scotia Bowen Gladstone 0.8 million acres (net) Basin 0.5 million acres (net) Queensland Exploration stage 27 TJ/d production Same coals as Fairview Production since 2002 Greater Roma 1.4 million acres (net) High quality resou
Slide 42: Production Delivery
Production Delivery For personal use only CSG production capacity is not constrained by well capacity Total Santos Operated CSG Sales Capacity Growth (gross) 180 160 Fairview- Compression Wallumbilla 140 Station 2 Fairview added at Pipeline Tie-in 120 Acquisition 100 TJ/d 80 Compressor Station 3 60
Slide 43: Recently Drilled Fairview Wells
Recently Drilled Fairview Wells For personal use only Gas flows from recently drilled wells delivering world class rates Fairview Wells Max Rate > 1mmscf/d 16 14 Wells drilled in last 6 months Production rate > 1mmscf/d 12 10 MMscf/d 8 6 4 2 0 42
Slide 44: Outstanding Drilling Performance
Outstanding Drilling Performance For personal use only Since Q3 2007 drilling time has halved 8 7 Drilling Time: days/well 6 5 4 3 2 1 Q3 2007 Q4 2007 Q1 2008 Q2 2008 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Wells Drilled 43
Slide 45: We Have What's Needed for Success
We have what’s Needed for Success For personal use only Santos has the rigs, equipment and the crews required to execute the field appraisal and development plan 200 180 160 140 Wells Drilled 120 100 80 60 40 20 - 2008 2009 2010 2011 2012 2013 Wells for GLNG train 1 only We have the rigs required to
Slide 46: Water Management Strategy
Water Management Strategy For personal use only Diversified water management strategy is being implemented Reverse Osmosis Cropping Injection Well Community Use 45
Slide 47: Gunnedah Basin
Gunnedah Basin For personal use only 40TCF prospective resource… Santos has secured access to majority acreage positions (up to 21,000 km2 gross) New South Wales Quality and material land position to Gunnedah allow building of major new business PEL 450 PEL PEL 1 PELA 12 Coonabarabran Quirindi All S
Slide 48: Gladstone LNG
For personal use only Gladstone LNG David Knox Acting CEO
Slide 49: GLNG: Responds to Observable Trends
GLNGTM: Responds to Observable Trends For personal use only GLNG TM World class unconventional reserves to fulfil Growing Asia Pacific demand for LNG From a secure supply source in Australia To capture rising price of scarce Curtis Is. energy Gladstone Proposed LNG Facility Gladstone 5 km Fairview S
Slide 50: The Transaction Announced
The Transaction Announced For personal use only PETRONAS a global top 3 LNG producer with more than Partner US$50 billion in annual revenue US$2.508 billion consisting of US$2.008 billion plus Amount US$500 million upon FID of GLNGTM Train 2 using JV gas Participation 40% interest in Integrated Proj
Slide 51: GLNG JV - Upstream Assets
GLNG JV - Upstream Assets TM For personal use only GLNG JV Acreage Fairview (PLs 90, 91, 92, 99, 100 & 232) • Santos operated with a 79.5% working interest decreasing to 68.5% after project payout • Acquired by Santos in 2005 with an established production history of over 14 years Greater Fairview (
Slide 52: GLNG 2 Train Gas Profile
For personal use only - 50 100 150 200 250 300 350 400 450 PJ/y 51 2008 2009 2010 2011 2012 2013 TM 2014 2015 2016 2017 2018 2019 Domestic Contracts 2020 Pipe / LNG Plant Fuel 2021 2022 2023 2024 2025 2026 1080 PJ Fuel Gas 2027 2028 3.0 Mtpa 2029 LNG Exports 2030 2031 2032 2033 2034 2035 2036 2037 2
Slide 53: Transaction Underpins Santos' CSG Value
Transaction Underpins Santos’ CSG Value For personal use only Santos’ Coal Seam Gas Reserves and Resources PJ (as of end 2007) 2P 3P Contingent resource1 YE 2007 total CSG reserves 1,573 4,511 10,492 Sold to PETRONAS 538 1,600 2,969 Remaining CSG reserves 1,035 2,911 7,523 1 Contingent resource is d
Slide 54: Creating Significant Value for Santos
Creating Significant Value for Santos For personal use only Validates GLNG Project Leading CSG to LNG project Re-rates existing CSG resource Enhances GLNGTM project delivery via PETRONAS strength of technical expertise and market position Simple deal structure – 60/40 alignment across the integrated
Slide 55: PETRONAS: A Leader in LNG
PETRONAS: A Leader in LNG For personal use only Number 3 globally in LNG and number 1 in Asia PETRONAS operates the PETRONAS Global Net Equity Production LNG complex, the world’s largest single 25 integrated LNG facility with a total capacity of 23mtpa from 8 LNG trains. Million tonnes of LNG per an
Slide 56: GLNG Project Progress Summary
TM GLNG Project Progress Summary For personal use only Freehold land acquired for liquefaction facilities Significant project status awarded Environmental applications lodged Pre-FEED by Foster Wheeler and Bechtel PETRONAS selected as partner 2008 FEED 2009/10 FID 2014 First Gas 55
Slide 57: Santos: Leading the way in CSG to LNG
Santos: Leading the way in CSG to LNG For personal use only PETRONAS selected as partner, acquires 40% interest in GLNGTM for up to US$2.508 billion Sets new valuation benchmark for gas in Eastern Australia PETRONAS is the leading Asian LNG company Gladstone LNG is the leading LNG project in Queensl
Slide 58: PNG LNG & Darwin LNG
For personal use only PNG LNG & Darwin LNG John Anderson Vice President - Strategic Projects 57
Slide 59: PNG LNG Builds Momentum
PNG LNG Builds Momentum For personal use only PNG LNG is moving toward final investment decision… Pre FEED work on two train 6.3 mtpa plant Marketing Representative Agreement Juha Hides & Angore Kutubu & Agogo Coordinated Development Gobe and Operating Agreement Gas Agreement Marine FEED Entry Decis
Slide 60: PNG LNG Expansion Options
PNG LNG Expansion Options For personal use only De-bottlenecking 2020 vision (Santos share) expected: 16 14 - Typically 8 - 15% capacity 12 increase mmboe pa 10 Train 3 of 3.15 mtpa: 8 6 - Existing pipeline, roads, bridges 4 - Existing LNG site and jetty 2 - Hides is key supply source 0 for T3 T1, T
Slide 61: Bayu-Undan and Darwin LNG
Bayu-Undan and Darwin LNG For personal use only Base project continues to deliver with potential upside unfolding… De-bottlenecking/mini LNG expansion (studies underway) Commercial tolls on any infrastructure used by 3rd party projects Santos’ uncontracted reserves to potentially play into new LNG p
Slide 62: Multiple Pathways to Growth
Multiple Pathways to Growth For personal use only Timor Bonaparte Barossa A new LNG train in Darwin Evans Shoal Caldita - 3-4 mtpa Bayu-Undan Floating LNG Darwin Indian - 1-2 mtpa Ocean Petrel Tern Ichthys Browse Ichthys North Q3 2008 drill Unitisation with existing LNG Western Northern plans a real
Slide 63: Recent Activity Confirms Acreage Scarcity
Recent Activity Confirms Acreage Scarcity For personal use only Major parties enter Timor Bonaparte/Browse confirming LNG scarcity… Sinopec 2Q 2008 CNOOC 3Q 2007 Total 3Q 2007 Apache/Total 2Q 2008 Legend PETRONAS 3Q 2007 Santos acreage Reliance 3Q 2007 Other acreage Oil field Murphy 3Q 2007 Darwin G
Slide 64: LNG Growth - Milestones
LNG Growth - Milestones For personal use only Project 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Pre-FEED FEED FID Gladstone Startup LNG Hides Field Pre-FEED FEED FID Discovered PNG LNG 1987 Startup Discovered Startup DLNG 1 1995 (Bayu Undan) Ichthys North 1 Well Drilled Browse Pre-produ
Slide 65: Asia Growth & Exploration
For personal use only Asia Growth & Exploration Trevor Brown Vice President – Geoscience and New Ventures 64
Slide 66: Global Acreage Position & Production Base
Global Acreage Position & Production Base For personal use only 2004 Net Area: 92,000 km2 USA Exploration: 4 Countries Production: 3 Countries Indonesia PNG Australia 2004 Exploration Production Kyrgyzstan 2008 Egypt Bangladesh Net Area: 130,000 km2 India Vietnam Exploration: 8 Countries Indonesia P
Slide 67: Execution of Focused Strategy
Execution of Focused Strategy For personal use only Kyrgyzstan Expl/Dev/Prodn Near-medium term Egypt Bangladesh oil and gas India Vietnam Expl/Prodn Indonesia PNG Material gas and growth markets Australia 2008 Legend Exploration Production 66
Slide 68: Vietnam
Vietnam For personal use only Prospective, lightly Vietnam China Song Hong explored basins Burma Basin Laos 101-100/04 PSC Multiple, material play South China types Thailand Sea Oil and gas potential Cambodia Phu Khanh Basin 123 PSC Rapidly growing markets Nam Con Strong regulatory regime Son Basin
Slide 69: Vietnam – Nam Con Son Basin
Vietnam – Nam Con Son Basin For personal use only Two oil discoveries, with follow-on opportunities Chim Sao/Dua (STO 37.5%) - Reservoir and facilities studies underway South China - Project sanction in 2H 2008 Sea - Expression of interest prepared for FPSO supply Swan Nam Con Son Basin - Target fir
Slide 70: Bay of Bengal – India / Bangladesh
Bay of Bengal – India / Bangladesh For personal use only Material Gas targets India Enormous, underexplored, Bangladesh prospective tertiary delta near India rapidly emerging markets Sangu India - PSC’s signed March 2007 Burma Bay of Bengal - 17,250 line km seismic survey completed – currently proce
Slide 71: Indonesia
Indonesia For personal use only Stable base production West Natuna - Oil (Oyong) Kutei - Gas (Maleo) Near field development Indonesia West Papua opportunities East Java Oyong, Maleo Strengthening domestic 250km gas market Indian Ocean Exploration upside Australia Legend Santos acreage 70
Slide 72: Indonesia – Oyong & Wortel
Indonesia – Oyong & Wortel For personal use only Oyong Phase 1 (oil) - First oil achieved in September 2007 at ~8,000 bopd Oyong Wortel Oyong Phase 2 (gas and oil) Surabaya - 60km pipeline to Grati - Gas sales to PT Indonesia Power - Engineering and construction in progress Grati - First gas Q3 2009
Slide 73: Asian Growth - Milestones
Asian Growth - Milestones For personal use only Project 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Discovered FEED FID Startup Oyong Ph2 2001 FEED FID Startup Wortel Pre-FEED Startup Chim Sao FID Country Dua Entry 2006 Magnama, Hatia Wells 3D Seismic Country Bangladesh Entry 2007 2D Seis
Slide 74: Banjar-Panji Update
Banjar-Panji Update For personal use only Area impacted remains ca. 650 hectares Current funding - Infrastructure: Government of Indonesia - Land and buildings: Minarak Lapindo Jaya - Santos PSC spend: US$29.4m WALHI legal case rejected (being appealed) Santos provision: US$79.0m 73
Slide 75: 2008 Guidance
For personal use only 2008 Guidance Peter Wasow Chief Financial Officer 74
Slide 76: Outlook for 2008
Outlook for 2008 For personal use only Initial guidance maintained Production - Initial 2008 guidance maintained at 56-58mmboe - Assuming GLNG sale is effective 31 Aug -0.5mmboe - Guidance including sale 55.5-57.5mmboe Costs - Initial production cost guidance maintained at $60 million more than 2007
Slide 77: Wrap up
For personal use only Wrap up David Knox Acting CEO 76
Slide 78: Santos Beyond the 2P
Santos “Beyond the 2P” For personal use only Near term oil development Significant oil prospects in Chim Sao/Dua in Vietnam PNG LNG – Expansion Multiple TCF gas prospects opportunities in Bay of Bengal PNG LNG – significant project underpinned by Near-term oil and gas development world class gas res
Slide 79: An Australian Company Providing Energy for Asia
An Australian Company Providing Energy for Asia For personal use only Through: Delivering the base Tapping our resource riches Being a great place to work …and do it all safely and sustainably to deliver a superior shareholder return 78
Slide 80: Santos Investor Seminar June 2008
For personal use only Santos Investor Seminar 3 June 2008 79
Slide 81: Reference Slides
For personal use only 80 Reference Slides
Slide 82: 2008 Forward Exploration Schedule
2008 Forward Exploration Schedule For personal use only Well Name Basin / Area Target Upside Resource Potential (mmboe) Santos Timing Comments Interest 0 – 50 50 - 100 100 - 500 % Bay of Bengal / Hatia 1 Bangladesh Gas 37.5 Q1 08 Gas Discovery Johnson 1 Barrow / Australia Oil 37.5 Q2 08 P&A Chim Ung
Slide 83: Contact Information
Contact Information For personal use only Registered and head office Andrew Nairn Share Register Group Executive Investor Relations Adelaide Level 10, Santos Centre Ground Floor, Santos Centre Direct: + 61 8 8116 5314 60 Flinders Street Facsimile: +61 8 8116 5131 Adelaide, South Australia 5000 Email