Santos Indonesian drilling update

Thursday, April 14 2005 - 08:23 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending April 14, 2005:

Delineation well (Near Field Exploration/Appraisal Well)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 -- 14/04/05 (Jakarta Time)Drilling out intermediate casing shoe. The current depth is 796m with no progress for the week.
Planned Total Depth1073m
InterestLapindo Brantas 50%
Medco Sampang 32%
Santos Group 18%
OperatorLapindo Brantas

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