Santos Indonesian drilling update

Thursday, April 7 2005 - 07:24 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending April 7, 2005:

Delineation Wells (Near Fields Exploration/ Appraisal Wells)Tanggulangin 4
TypeOil Appraisal
LocationOnshore Indonesia
Brantas PSC, East Java Basin. 1.0km N of Tanggulangin 1, 5.0km E of the Wunut Field facilities, and some 35km S of Surabaya.
Status at 0600hrs 06/04/05 Running intermediate wireline logs. The current depth is 796m with 490m progress for the week.
Planned Total Depth1037m
InterestLapindo Brantas 50%
Medco Sampang 32%
Santos Group 18%
OperatorLapindo Brantas
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