Santos Indonesian drilling update

Thursday, June 30 2005 - 05:29 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending June 30, 2005:

Delineation Wells (Near Field Exploration / Appraisal Wells)Jeruk 2 ST4
TypeOil Appraisal
LocationOffshore Indonesia
Sampang PSC, East Java Basin. 1.6km E of Jeruk 1, 35.0km SW of the Oyong Field, and some 40km SE of Surabaya. Jeruk 2 ST4 is an appraisal sidetrack drilled out of the existing Jeruk 2 wellbore.
Status at 0600hrs -- 30/06/05 Pressure testing BOPs after setting an intermediate 244mm liner. The current depth is 4975m with 208m progress for the week.
Planned Total Depth (Rev.) 5570m
InterestSantos Group 45.0%
Singapore Petroleum Sampang Ltd 40.0%
Cue Sampang Pty Ltd 15.0%
OperatorSantos

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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 -- 29/06/05 Attempting to swab in well and complete as a future gas producer. The well is at total depth of 1143m with no progress for the week.
Planned Total Depth1073m
InterestLapindo Brantas 50%
Novus Indonesia Brantas Company 32%
Santos Group 18%
OperatorLapindo Brantas
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