Santos cops GLNG hit

SANTOS has lowered its Brent oil price forecasts and will book a US$690 million (A$878.2 million) write-down in its 2017 half-year results relating to Gladstone LNG and a non-core Indonesian oil field.

Santos cops GLNG hit Santos cops GLNG hit Santos cops GLNG hit Santos cops GLNG hit Santos cops GLNG hit

GLNG.

It could be worse. 
 
An expected positive net write-back to the Cooper Basin carrying value of some $330 million after tax means the impairment will not be as bad as it could have been.

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