Santos? Indonesian drilling update

Friday, February 13 2004 - 01:25 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending February 12, 2004:

Wildcat Exploration Wells Jeruk 1
Type Exploration
Location Offshore Indonesia
Sampang PSC, East Java Basin,
35km WSW of the Oyong Field and some 40km SE of Surabaya.
Status at 1500hrs -- 11/02/04 (Jakarta Time) Running in the hole to drill ahead. The current depth is 4949m with 203m progress for the week.
Planned Total Depth 5172m
Interest Santos Group 50%; PT Medco Sampang 50%
Operator Santos Group

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