text: Importantly, Santos was able 
  to work effectively with its key 
  stakeholders, including customers, 
  joint venturers and government 
  departments, to minimise the 
  commercial impacts. 
  Even with the large effort 
  expended on the Moomba 
  incident, Santos was able to 
  deliver strong results for 2004, 
  reflecting higher average prices 
  across most products. 
  
  Natural gas supplies were quickly 
  restored, in part by recovering 
  processed gas from underground 
  storage reservoirs. Liquids 
  processing facilities were 
  progressively reinstated allowing 
  further increases to gas production 
  and sales volumes, with the 
  ramp-up to full liquids production 
  achieved by August as planned. 
  
  This strong financial performance, 
  combined with the confidence 
  that Santos will continue to grow 
  earnings in the future, enabled 
  the Board to increase the final 
  dividend on ordinary shares by 
  20% from 15 cents to 18 cents 
  per share, fully franked. For the 
  full year, dividends increased 
  by 10% to 33 cents per share, 
  compared with 30 cents per share 
  
  Annual Report 2004 