Santos? Indonesian drilling update

Thursday, March 4 2004 - 04:44 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending March 4, 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 -- 04/03/04 (Jakarta Time)Pulling out of hole with fishing assembly. The well will be deepened to the planned Total Depth. The current depth is 5027m with no progress for the week.
Planned Total Depth 5172m
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group
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