After taking a US$ 1.1 billion write-down on its GLNG project in Queensland, Santos posted a full-year loss of US$ 1.05 billion. No interim dividend was paid.
The oil and gas producer claims their free cash flow is at a Crude Oil price of US$36.50 per barrel, which is considerably lower than current levels.
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The share price is essentially unchanged on the day. Longer-term investors can look for buy interest to return near the November lows at $3.50.
