Santos Ltd (OTCPK:SSLZY)

$ 4.51 0.17 (3.92%) Market Cap: 14.88 Bil Enterprise Value: 19.05 Bil PE Ratio: 11.65 PB Ratio: 0.97 GF Score: 78/100

Santos Ltd Acquisition of ConocoPhillips' Northern Australia Interests - Call Transcript

Oct 13, 2019 / 10:30PM GMT

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Santos conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I'll now hand the conference over to your first speaker today, Managing Director and CEO, Mr. Kevin Gallagher. Thank you. Please go ahead.

Kevin Thomas Gallagher

Santos Limited - MD, CEO & Director

Good morning, everyone, and welcome to the call. Joining me this morning is CFO, Anthony Neilson.

I'm delighted to announce this morning that Santos has signed an agreement to acquire ConocoPhillips' business in Northern Australia. Santos has enjoyed a long-established relationship with Conoco, which is operating a Northern Australian natural gas assets for many years. And Santos is a founding partner with Conoco and Darwin LNG, which has been operating since 2006. Conoco continues to do an excellent job running these assets and progressing the Barossa gas project towards FID early next year.

Under the acquisition, Santos will increase its interest in and become

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