Santos Indonesian drilling update

Friday, May 6 2005 - 02:34 AM WIB

Santos Indonesian drilling update

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending May 5, 2005:

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 -- 04/05/05 Running in hole to drill out intermediate casing shoe. The current depth is 1020m with 593m progress for the week.
Planned Total Depth1073m
InterestLapindo Brantas 50%
Medco Sampang 32%
Santos Group 18%
OperatorLapindo Brantas

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Delineation well (Near Field Exploration/Appraisal Well)Tanggulangin 4 ST1
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 -- 04/05/05 Pulling out of hole to run wireline logs. The current depth is 1008m with 206m progress in the sidetrack from the kickoff point at 802m.
Planned Total Depth1073m
InterestLapindo Brantas 50%
Medco Sampang 32%
Santos Group 18%
OperatorLapindo Brantas

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