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BRIEF-Santos says confidence in the long-term demand for energy remains strong

Published 04/05/2016, 10:39 am
Updated 04/05/2016, 10:40 am
© Reuters.  BRIEF-Santos says confidence in the long-term demand for energy remains strong
STO
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May 3 (Reuters) - Santos Ltd STO.AX :

* Liquidity of over $4 billion in cash and undrawn facilities provides a buffer

to reinforce company and deal with short-term market challenges"

* Says confidence in the long-term demand for energy remains strong

* Subject to business conditions, dividends will be based on a payout ratio,

expected to be a minimum of 40% of underlying NPAT"

* Source text for Eikon ID:nASX1DVSct

*

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