Gallagher pleased with turnaround

SANTOS managing director Kevin Gallagher says his turnaround strategy is delivering positive results, as evidenced in today’s quarterly that showed improved cashflow and reduced debt and costs.

Gallagher pleased with turnaround Gallagher pleased with turnaround Gallagher pleased with turnaround Gallagher pleased with turnaround Gallagher pleased with turnaround

Kevin Gallagher.

"Our 2017 forecast free cash flow breakeven now stands at US$34 per barrel. This is a significant reduction from the $47 per barrel mark at the beginning of 2016," he proclaimed.