July 19 (Reuters) - Santos Ltd STO.AX :
* Q2 PRODUCTION 14.2 MMBOE VERSUS 14.7 MMBOE
* Q2 SALES VOLUME 19.1 MMBOE VERSUS 21.5 MMBOE LAST YEAR
* Q2 SALES REVENUE US$886 MILLION VERSUS US$769 MILLION
* BOARD TO CONSIDER A RETURN TO DIVIDENDS AT 2018 HALF-YEAR RESULTS
* AS AT 30 JUNE 2018, SANTOS HAD NET DEBT OF US$2.4 BILLION
* NEW DIVIDEND POLICY WILL TARGET A RANGE OF 10% TO 30% PAYOUT OF FREE CASH FLOW PER ANNUM
* SALES VOLUMES, PRODUCTION AND PRODUCTION COST GUIDANCE FOR 2018 IS MAINTAINED
* SEES 2018 CAPITAL EXPENDITURE (INCLUDING EXPLORATION, EVALUATION & RESTORATION, EXCLUDING CAP. INTEREST.) OF US$775 MILLION -US$825 MILLION