Santos misses Q1 production expectations

Oil and gas exploration group lifts Q1 production, reaffirms FY guidance.

Santos (STO) has reaffirmed its full-year production guidance despite first quarter production coming in well under market expectations.

In the quarter, the oil and gas exploration group produced 12.2 million barrels of oil equivalent (mmboe), a 1% increase on the 12.1 mmboe produced in the first quarter of 2013.

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