Santos write-downs flagged amid oil price plunge - From ABC News

Santos write-downs flagged amid oil price plunge - From ABC News

Struggling oil and gas producer Santos has warned investors

Struggling oil and gas producer Santos has warned investors that it will take asset value write-downs, but has not put an estimate on how big they will be.

The Adelaide-based energy company has seen its share price fall 72 per cent from a recent peak of $9.10 in May, to yesterday's close of just $2.56, leaving the company hovering around its lowest share price since the early 1990s.

In its fourth-quarter production report Santos reiterated comments in a November 9 investor presentation that it expected to book reductions to asset carrying values and reserves in its full-year accounts, to be released on February 19.

Click heading for more information and full article

Thursday, January 21, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Calling all Young Grain Growers

Calling all Young Grain Growers

Want to drive change on farm and in the Grains industry? The 2016 Australian Farm Grain Leaders Program is about to kick off. Join 9 other young farmers to visit farms in Queensland and Western Australia and visit with industry leaders in Sydney . Grow your own knowledge and skills to apply to your own farm project. Meet industry leaders and attend the industry’s Innovation Generation conference in Western Australia. For more Information contact Facilitator – Jo Eady Phone 0419912879 or email jo.eady@bigpond.com. Applications close 29 January. This program is an initiative of and funded by Grain Growers Limited.
Thursday, January 21, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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Quality improves as heavyweight supply lifts

Quality improves as heavyweight supply lifts

By JESSICA FRECKLINGTON Jan. 14, 2016, 5 a.m. The Land

AFTER the post Christmas slump in lamb sales with most opting for chicken and pork over the holiday period, the new year has bought about a fresh lot of lambs and prices to go with it. 

As sheep markets prepare to get back into the weekly grind, many yards have witnessed an increase in heavyweights coming through earlier. 

The indicator for lamb was 527c/kg Tuesday night. 

Landmark Langlands Hanlon owner Geoff Rice, Forbes, said although the lamb market had surrendered before Christmas, it had since risen along with the cattle market.

Wednesday, January 13, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
Categories: AgricultureSheep
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Off-target spray drift costs the cotton industry millions

Off-target spray drift costs the cotton industry millions

By Amelia WilliamsJan. 13, 2016, 5:01 a.m. The Land

A WHOPPING 20 per cent of Australia’s cotton crop has been damaged from off target spray drift this season, costing the cotton industry $20 million to date.

Cotton Australia chief executive Adam Kay said all cotton growing regions in Australia have been affected by off target spray drift this season, with about 60,000 hectares reporting damage.

“I've been in the cotton industry for 30 years, and this is the worst year in memory for spray drift damage to cotton crops, so we are taking this issue extremely seriously,” he said.

Heavy rainfall spurred rapid weed growth across the country, prompting cropping farmers to spray their fallow country.

Tuesday, January 12, 2016/Author: Kate Schwager/Number of views (0)/Comments (0)/ Article rating: No rating
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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.

 

For the full story click the heading

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 (1468)/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 (1939)/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 (1951)/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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