公告日期：2019-08-24

Santos 2019 Half-year results22 August 2019





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 of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations,

actual demand, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates,



reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in

various countries, approvals and cost estimates.



All references to dollars, cents or $ in this document are to United States currency, unless otherwise stated.



Underlying profit, EBITDAX (earnings before interest, tax, depreciation, depletion, exploration, evaluation and impairment) and free cash flow (operating cash flows, less investing cash

flows net of acquisitions and disposals and major growth capex, less lease liability payments) are non-IFRS measures that are presented to provide an understanding of the performance

of Santos’ operations. The non-IFRS financial information is unaudited however the numbers have been extracted from the financial statements which have been subject to review by the

Company’s auditor.



Refer to slide 42 for cautionary statement regarding Dorado contingent resources estimates contained in this presentation.



Cover image: Noble Tom Prosser rig at Dorado appraisal, Bedout Basin, offshore Western Australia

Santos 2019 Half-year results ……
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