MARKETS

Santos boosts sales guidance

SANTOS has formally confirmed the US$689 million (A$872 million) impairment it flagged earlier this month and a $336 million write-back of for its Cooper Basin assets, while also announcing upgraded sales volume guidance to 77-82 million barrels of oil equivalent.

 Kevin Gallagher.

Kevin Gallagher.

Production guidance remains between 57-60MMboe.   Underlying profit increased to $156 million, a substantial improvement on the underlying loss of $5 million in the corresponding period in 2016, however...

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