“Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 6
Key Information 6
Company Overview 6
Santos Ltd., Valuation and Financial Data 7
Santos Ltd., Share Price Performance 7
Share Price Performance, Q1, 2014-Q1, 2015 7
Santos Ltd., Key Valuation Metrics 8
Key Valuation Metrics, Q1, 2014-Q1, 2015 8
Santos Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 9
Results of Oil & Gas Operations Per boe Produced, Q1, 2014-Q1, 2015 9
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2014-Q1, 2015 10
Santos Ltd., Quarterly E&P Costs Trends 11
Upstream Capital Expenditure, Q1, 2014-Q1, 2015 11
Santos Ltd., Quarterly Production Trends 12
Santos Ltd., Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q1, 2014-Q1, 2015 12
Santos Ltd., Crude Oil Production 13
Total Crude Oil Production Trend, Q1, 2014-Q1, 2015 13
Santos Ltd., Natural Gas Production 14
Total Natural Gas Production Trend, Q1, 2014-Q1, 2015 14
Santos Ltd., Valuation and Financial Data, 2010-2014 15
Santos Ltd., Share Price Performance, 2010-2014 15
Share Price Performance, 2010-2014 15
Key Valuation Metrics, 2010-2014 16
Santos Ltd., Production and Reserves Trends 17
Total Oil and Gas, Reserves and Production 17
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 17
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 19
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 20
Crude Oil/Liquids Production and Reserve 21
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 21
Crude Oil/Liquids Reserve Changes, 2010-2014 22
Natural Gas Production and Reserve 23
Natural Gas Production and Reserve Trend, 2010-2014 23
Natural Gas Production and Reserves, By Country/Region, 2010-2014 24
Natural Gas Reserve Changes, 2010-2014 25
Total Crude Oil and Natural Gas Reserves Life Index 26
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 26
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 27
Santos Ltd., E&P Costs Trends 28
Allocation of the Upstream Capital Expenditure 28
Upstream Capital Expenditure, 2010-2014 28
Acquisition Costs By Country/Region, 2010-2014 29
Exploration and Development Costs, By Country/Region, 2010-2014 30
Oil and Gas Cost Per boe, US$/boe 31
Oil and Gas Cost Per boe, US$/boe, 2010-2014 31
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 33
Santos Ltd., Reserve Replacement Ratio 34
Oil and Gas Production Replacement Ratio 34
Oil and Gas Production Replacement Ratio, 2010-2014 34
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 36
Santos Ltd., Results of Oil & Gas Operations Trend 37
Oil and Gas Revenue and Expenses 37
Oil and Gas Revenue and Expenses, 2010-2014 37
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 38
Oil and Gas Revenue and Expenses, Per boe 39
Oil and Gas Revenue and Expenses, By boe, 2010-2014 39
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 40
Oil and Gas Performance Metrics 41
Exploration and Development Wells Drilled, 2010-2014 42
Recent Developments 43
Santos Ltd. – Recent Developments 43
Aug 05, 2015: Beach Energy Provides Monthly Drilling Report July 2015 43
Jul 30, 2015: Santos Announces Executive Appointments 44
Jul 17, 2015: Santos: 2015 Second Quarter Activities Report 45
Jul 01, 2015: Beach Energy: Monthly Drilling Report June 2015 49
Jun 15, 2015: Santos: PNG LNG Celebrates 100th LNG Cargo 50
Jun 11, 2015: Drillsearch Announces New Discovery At Moonanga South-1 In The Joint Venture With Santos 50
Jun 08, 2015: Bechtel Ready To Quadruple Queensland LNG Production This Year 51
Jun 05, 2015: Santos GLNG’s Major Gas Compression Facilities All Operational 52
May 25, 2015: Cooper Energy: Sole Field – Contingent Resource Assessment 52
May 08, 2015: Drillsearch Energy: April 2015 Drilling Report 53
Appendix 55
Methodology 55
Coverage 55
Secondary Research 55
Primary Research 55
Data Information Sources 56
Company Source 56
SEC/Other Regulatory Filings 56
Other Sources 56
Expert Panel Validation 56
Data Definition 56
Oil and Gas Reserves 56
Units of Measure 57
About GlobalData 57
Disclosure 57
Disclaimer 57″
“List of Tables
Table 1: Santos Ltd., Key Facts 6
Table 2: Santos Ltd., Share Price Performance, Q1, 2014-Q1, 2015 7
Table 3: Santos Ltd., Key Valuation Metrics, Q1, 2014-Q1, 2015 8
Table 4: Santos Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 9
Table 5: Santos Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2014-Q1, 2015 10
Table 6: Santos Ltd., Upstream Capital Expenditure, Q1, 2014-Q1, 2015 11
Table 7: Santos Ltd., Total Crude Oil and Natural Gas, Production, Q1, 2014-Q1, 2015 12
Table 8: Santos Ltd., Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 13
Table 9: Santos Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 14
Table 10: Santos Ltd., Share Price Performance, 2010-2014 15
Table 11: Santos Ltd., Key Valuation Metrics, 2010-2014 16
Table 12: Santos Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 18
Table 13: Santos Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 19
Table 14: Santos Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 20
Table 15: Santos Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 21
Table 16: Santos Ltd., Crude Oil Reserve Changes, mmbbl, 2010-2014 22
Table 17: Santos Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 23
Table 18: Santos Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 24
Table 19: Santos Ltd., Natural Gas Reserve Changes, bcf, 2010-2014 25
Table 20: Santos Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 26
Table 21: Santos Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 27
Table 22: Santos Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 28
Table 23: Santos Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 29
Table 24: Santos Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 30
Table 25: Santos Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 31
Table 26: Santos Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 33
Table 27: Santos Ltd., Oil and Gas Production Replacement Ratio, %, 2010-2014 34
Table 28: Santos Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 36
Table 29: Santos Ltd., Revenue and Expenses, US$ mil, 2010-2014 37
Table 30: Santos Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 38
Table 31: Santos Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 39
Table 32: Santos Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 40
Table 33: Santos Ltd., Oil and Gas Performance Metrics, 2010-2014 41
Table 34: Santos Ltd., Exploratory and Developed Wells, 2010-2014 42″
“List of Figures
Figure 1: Santos Ltd., Share Price Performance, AUD/Share, Q1, 2014-Q1, 2015 7
Figure 2: Santos Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2014-Q1, 2015 8
Figure 3: Santos Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 9
Figure 4: Santos Ltd., Upstream Capital Expenditure, US$ mil, Q1, 2014-Q1, 2015 11
Figure 5: Santos Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2014-Q1, 2015 12
Figure 6: Santos Ltd., Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 13
Figure 7: Santos Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 14
Figure 8: Santos Ltd., Share Price Performance, AUD/Share, 2010-2014 15
Figure 9: Santos Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 16
Figure 10: Santos Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 17
Figure 11: Santos Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 20
Figure 12: Santos Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 21
Figure 13: Santos Ltd., Crude Oil Reserve Changes, mmbbl, 2014 22
Figure 14: Santos Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 23
Figure 15: Santos Ltd., Natural Gas Reserve Changes, bcf, 2014 25
Figure 16: Santos Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 26
Figure 17: Santos Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 28
Figure 18: Santos Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 31
Figure 19: Santos Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 34
Figure 20: Santos Ltd., Revenue and Expenses, US$ mil, 2010-2014 37
Figure 21: Santos Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 39
Figure 22: Santos Ltd., Oil and Gas Performance Metrics, 2010-2014 41″