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BRIEF-Santos Updates On Scotia Project & Sells Non-Core Denison Assets

Published 26/04/2018, 03:11 pm
© Reuters.  BRIEF-Santos Updates On Scotia Project & Sells Non-Core Denison Assets
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April 26 (Reuters) - Santos Ltd STO.AX :

* COMPLETED COMMISSIONING AND START-UP OF SCOTIA CF1 PROJECT IN QUEENSLAND

* PROJECT WAS ESTIMATED TO COST A$493 MILLION, BUT DELIVERED IT FOR A$416 MILLION, SIXTEEN PER CENT UNDER BUDGET

* TO RECORD A PROFIT ON SALE AT COMPLETION OF APPROXIMATELY A$70 MILLION

* ANNOUNCED SALE OF ITS NON-CORE DENISON TROUGH ASSETS IN QUEENSLAND TO ORIENT FOR UP TO A$43 MILLION

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