Santos? Indonesian drilling update

Thursday, February 5 2004 - 04:38 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending February 05, 2004:

Wildcat Exploration WellsJeruk 1
TypeExploration
LocationOffshore Indonesia
Sampang PSC, East Java Basin.
35km WSW of the Oyong Field and some 40km SE of Surabaya.
Status at 1500hrs -- 04/02/04 (Jakarta Time)Testing blow out preventers prior to running in hole with casing scraper having set intermediate casing. The current depth is 4746m with 56m progress for the week.
Planned Total Depth 5172m
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group
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