Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 & 24 : 27-Nov-14

David Knox and Andrew Seaton, CEO and CFO respectively of energy group Santos, on 26 November 2014 told investors about plans to compensate for the recent decline in the crude oil price by some 30%. The company, which has LNG projects in Queensland and Papua New Guinea, will cut costs and capital investment. A previous estimate for annual cash flow to grow 100% between 2013 and 2016 has been revised down to 65%, and Seaton foreshadowed a potential hybrid debt issue worth EUR500m ($A726m). Santos shares closed $A0.15 higher at $A11.98, after a fall of 5% the day before

CORPORATES
SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, SENEX ENERGY LIMITED – ASX SXY, CREDIT SUISSE (AUSTRALIA) LIMITED, ORD MINNETT GROUP LIMITED, PAPUA NEW GUINEA LNG PROJECT, UBS HOLDINGS PTY LTD, TOTAL SA