Santos Indonesian drilling update

Thursday, April 28 2005 - 07:09 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending April 28, 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 -- 28/04/05 Running in hole to set cement sidetrack plug having been unable to retrieve stuck drillstring. The current depth is 1083m with no progress for the week. The drillstring became stuck while retrieving Core 2.
Planned Total Depth1073m
InterestLapindo Brantas 50%
Medco Sampang 32%
Santos Group 18%
OperatorLapindo Brantas

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Wildcat Exploration WellsBisma 1
TypeGas Exploration
LocationOffshore Indonesia
Brantas PSC, East Java Basin. 15.0km SE of the Maleo Gas Field 1, and some 140km E of Surabaya.
Status at 0600hrs -- 27/04/05 Running intermediate liner. The current depth and progress for the week is 427m.Bisma 1 spudded on 23/04/05.
Planned Total Depth1073m
InterestLapindo Brantas 50%
Medco Sampang 32%
Santos Group 18%
OperatorLapindo Brantas

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