Santos hits 20 year low

Santos hits 20 year low

Cameron England The Advertiser Adelaide

Santos shares have hit levels not seen since 1995 as the oil price continues to slide

 

SANTOS shares have plunged to a two-decade low despite vague takeover rumours floating around the market.

Santos stock was hammered on Tuesday, closing 26c, or 8.1 per cent lower at $2.95 — levels it has not touched since late 1995.

The Adelaide company’s shares have basically halved in each of the past two years to January, trading at $12.51 in January 2014 and $6.35 in January last year.

At the current share price, the company is worth about $5.2 billion, well below the value of its investment in its $US18.5 billion Gladstone liquefied natural gas plant, let alone its other assets such as its Cooper Basin oil and gas fields and the Moomba gas plant in South Australia, and its overseas and offshore Australian assets.

There was a rumour that the company was being considered as a takeover target by French oil giant Total — also a partner in GLNG — but those rumours were played down by analysts.

 

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Monday, January 11, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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The Horizon Scholarship

The Horizon Scholarship

Supports the next Generation of agricultural Leaders.

Do you know someone starting an Ag-related degree in 2016? Let them know that the 2016 Horizon Scholarship applications are open now! $5K/year! More info: http://www.rirdc.gov.au/horizon
Monday, January 11, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Local Lee Parish joined the Burrumbuttock Hay Run

Local Lee Parish joined the Burrumbuttock Hay Run

To help out with the drought in Queensland.

From the words of Lee Parish it was a 4 day trip of a lifetime.


Just had the biggest 4 days of my life and didn't make one cent from it but I loved every second and I'd do it all again in a heart beat. 


They say money doesn't buy happiness but I say that's xxxx. It cost everyone on the hay run there time and money but there wasn't a person there that wouldn't do it again for the farmers up north. 


I met some amazing people along the way and there were plenty more around here that helped Myself and Wayne get there. 


Lockes mini mart fueled used with energy drinks. Samand all the guys at Kenways serviced the truck. 


Paul and Ren donated the last 30 bails we needed. 


My parents for the fuel that set us off on our way. 


Jeff and Sunday, January 10, 2016/Author: Kate Schwager/Number of views (1850)/Comments (0)/ Article rating: No rating

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Agriculture confidence rings in the New Year

Agriculture confidence rings in the New Year

By Jamie BrownJan. 9, 2016, 5 a.m. The Land

WITH rain falling from Collarenebri to the coast this new year has arrived with confidence, despite a consolidation of commodity prices during the latter half of 2015.  

NSW Farmers’ president Derek Schoen, speaking from a tractor on his Corowa property, predicted 2016 would be a “solid year for agriculture”.

“Pieces of the jigsaw are falling into place,” he said.

Our grains remain in vogue – especially chickpeas and mung beans - which should help offset the current global glut in wheat.

The China free trade agreement alone will see the removal of a 2 per cent sorghum tariff which will provide an immediate $7 to $8 per tonne advantage, said GrainGrowers chief executive Alicia Garden.

Friday, January 08, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Thousands of Wild Dog Baits to be laid

Thousands of Wild Dog Baits to be laid

This year’s offensive will see 16,000 ground baits laid across 160 properties, covering an area of around 260,000 hectares across the Northern Tablelands and North West region.

Landholders are now able to use canid pest ejectors, a new technology designed to specifically target dogs and foxes.

Wild dogs cause an estimated $11 million worth of damage to the state’s primary industries sector every year.

Friday, January 08, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Women locks on to truck for five hours at Santos Site

Women locks on to truck for five hours at Santos Site

A 54 year old Tweed Heads woman locked herself onto a truck for more than five hours today, protesting Santos’ Leewood water treatment facility near Narrabri.


Mina Hunt and a number of other protesters arrived at the site just before 7 o’clock, claiming ground water was being poisoned by the gas company.

“I’m just an ordinary Aussie mum standing with another Aussie mum from Narrabri, you know, people just really need to wake up and realise how serious this is.”

Police attended the site mid morning and Ms Hunt unlocked herself from the vehicle around midday.


Thursday, January 07, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Australian Cotton Conference

Australian Cotton Conference

Date confirmed 2 - 4 August

Wednesday, January 06, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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New Video of local North West Farmers Case IH

New Video of local North West Farmers Case IH

the heart of farming beats red - Case IH Australia TV commercial

We’ve got the land in our blood Not everyone is made like us We’re made to do our best And find ways of doing it better We’re made to know that listening is 
Sunday, December 20, 2015/Author: Kate Schwager/Number of views (2344)/Comments (0)/ Article rating: No rating
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No clarity as water study gets muddy

No clarity as water study gets muddy

Dec. 20, 2015, the Northern Daily Leader.

THE University of NSW has reaffirmed its position that the drop in groundwater levels around Werris Creek are in part caused by the Whitehaven Coal mine, despite an independent state government commissioned report claiming otherwise.

The Department of Primary Industries (DPI) Water commissioned independent expert Noel Merrick to conduct a peer review of the UNSW study, which was done on behalf of Caroona Coal Action Group who have used water concerns at Werris Creek in a campaign against the proposed Shenhua mine.

Dr Merrick’s review confirmed there had been a drop in groundwater levels, but “found no evidence that the declines are due to the mine”.

Instead, Dr Merrick pointed to climatic conditions as the likely cause for the decline.


Saturday, December 19, 2015/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Christmas warning for farm visitors

Christmas warning for farm visitors

Racing around on motorbikes, riding horses, swimming in dams and generally getting dirty is a dusty dream-world for the many children visiting farms these summer holidays. But they’re not always as aware of potential dangers as those who live there, so it’s important to set some rules and boundaries to keep everyone safe.

Children under 15 years old make up about 20 per cent of the on-farm deaths in Australia each year, and nearly one-third of those children are visitors, according to the Australian Centre for Agricultural Health and Safety (ACAHS).

Historically the biggest risk has been drowning, but quad bikes are an increasing issue, with two deaths involving children recorded in the first half of 2015.
Thursday, December 17, 2015/Author: Kate Schwager/Number of views (2381)/Comments (0)/ Article rating: No rating
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Protesters tell Santos to hit the pause button

Protesters tell Santos to hit the pause button

ANTI-coal seam gas activists have followed up on their promise to continue disrupting Santos activities in the Pilliga forest by staging a road blockade at the gates of the energy company’s Leewood wastewater treatment yesterday morning.

About 20 people prevented contractors from entering the site for two and a half hours.

Construction started at the site last week, despite the facility being at the centre of a court battle over the legality of its approval.

Wilalla farmer Alistair Donaldson took part in the protest and said he was “deeply concerned” construction was under way before the outcomes of the court case were determined. “If I was in court about the legality of the development application for my house, do you think I’d be allowed to keep building before the case was determined?” Mr Donaldson said.

“If the court finds that Leewood has not been properly assessed, Santos will have to go back to the drawing board in the assessment process and all the work currently under way will have been completed without  valid approval.

“There’s double standards at play here and Santos should be required to press pause at least until it’s clear its approval is legal.”

Santos general manager of energy NSW, Peter Mitchley, said the protest activity at Leewood had no impact on Santos operations and the company had all approvals in place to undertake the work.

“The Leewood Phase 2 Project was approved following a rigorous and detailed assessment process which was carried out in accordance with the relevant regulatory guidelines.



Tuesday, December 08, 2015/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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EYCI eases to 589.5c/kg

EYCI eases to 589.5c/kg

By KAREN BAILEY The Land

YOUNG cattle prices have eased slightly in the past week due to bigger yardings at some centres in NSW. 

On the back of last week’s near record prices, the prospect of a hot, dry summer had some producers opting to offload any surplus stock on Monday and Tuesday this week.

As a result, the Eastern Young Cattle Indicator slipped to 589.5 cents a kilogram (carcase weight) on Tuesday - back 5.5c/kg on the same time last week.

Tuesday, December 08, 2015/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
Categories: AgricultureCattle
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Boggabri Coal lodges plans for groundwater bores

Boggabri Coal lodges plans for groundwater bores

By Kerrin Thomas ABC

The operators of the Boggabri Coal Mine, located in northern New South Wales, are seeking permission to extract groundwater from a site close to the existing mine.

Boggabri Coal's operators, Idemitsu Australia Resources, want to construct two new water production bores and four back-up bores, to complement two existing bores.

In an application before the Department of Planning and Environment, the company said it needs the bores to ensure the nine megalitres of water the mine requires per day can be sourced.

The water is primarily used for washing coal at the handling plant and for dust suppression.

In its application the company said the groundwater model developed for the proposal identifies the potential for a drawdown of the alluvial aquifers in the vicinity of the bores.

Monday, December 07, 2015/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Anti-mining groups and farmers claim hypocrisy over Pilliga gas well fire rules

Anti-mining groups and farmers claim hypocrisy over Pilliga gas well fire rules

By ALEX DRUCE The Land

FRUSTRATIONS are burning over a NSW Rural Fire Act exemption that allows mining companies to burn gas flares during intense fire conditions when farmers are forced to cease harvest. 

The Act says fires are not to be lit or maintained during a total fire ban.

But some mining activities are exempt, with companies allowed to burn gas exhaust through a chimney as long as sparks or incandescent materials can’t escape from the site. 

Anti-mining groups and landowners in fire-prone regions say the rule is hypocritical and potentially dangerous.

The NSW Rural Fire Service (RFS) said its Special Hazards Working Group found the risk of bushfire from gas wells to be minimal. 

Monday, December 07, 2015/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Mature cow weight a balancing act

Mature cow weight a balancing act

By Shan Goodwin the Land

SAME BUT DIFFERENT: Non-genetic factors can influence mature cow weight. These two, six-year-old cows by the same bull were managed identically up until weaning, when the smaller was fed under drought-like conditions. The smaller cow weighs 505kg and has a fat score 1, the larger one 658kg, fat score 2.

MATURE cow weight and the impact it has on the profitability of beef operations is becoming a hot topic as thoughts turn towards herd rebuilding.

Determining the optimal cow size for an operation and whether there is more money in producing a larger number of lighter weaners versus less but heavier calves was a key topic at beef producers field day held at Casino last week.

Monday, December 07, 2015/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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