Check this out, from Morgan Stanley:
Santos provided an update on Q2 production activities. The early stages of cost cutting are evident. We expect further progress on this front over the next 12 months.
Production in Q2FY16 was 15.5mmboev MSe of 15.1mmboe. Santos has started reporting in US$. This is the first time. Our revenue estimate for the quarter was A$798m, close to Santos’s reported revenue of US$598m – assuming a US$/A$ exchange rate of just under 0.74 for the first six months of the year.