Santos? Indonesian drilling update

Thursday, September 30 2004 - 03:09 PM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending September 30, 2004:

Delineation well (Near Field Exploration/Appraisal Well)Jeruk 2
TypeOil Appraisal
LocationOffshore Indonesia
Sampang PSC, East Java Basin.
1.6km E of Jeruk 1, 35km WSW of the Oyong Field and some 40km SE of Surabaya.
Status at 0400hrs -- 30/09/04 (Jakarta Time)Preparing hole for kick off from 4600m. No progress for the week. Jeruk 2 has been plugged back after the drill string became stuck. The total depth reached by Jeruk 2 was 5317m.
Planned Total Depth5500m (changed due to a revised well trajectory)
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group
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