Santos Limited
(ASX:STO) has announced first quarter sales revenue of $AU835 million, up 1 per cent on 2015’s Q1 results.
Sales volumes were also up 40 per cent on the corresponding quarter.
Upstream production costs fell during the quarter to $11.90 a barrel, 13 per cent lower than previously reported 2015 Q1 results.
Santos is maintaining its production guidance for 2016 of between 57 and 63 million barrels of oil equivalent.
Santos reported a net loss of $2.7 billion at December 31st 2015.
