Santos? Indonesian drilling update

Thursday, February 19 2004 - 05:00 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending February 19, 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 0300hrs -- 19/02/04 (Jakarta Time)Pulling out of hole on wiper trip following wireline logs. The current depth is 5027m with 78m progress for the week.
Planned Total Depth 5172m
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group
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