Santos? Indonesian drilling update

Friday, March 12 2004 - 03:02 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending 11 March 2004:

Wildcat Exploration Wells Jeruk 1
Type Exploration
Location Offshore Indonesia
Sampang PSC, East Java Basin,
35km WSW of the Oyong Field and some 40km SE of Surabaya.
Status at 0300hrs -- 11/03/04 (Jakarta Time) Waiting on cement having set kick-off plug. Jeruk-1 is to be sidetracked having unsuccessfully attempted to retrieve stuck drillpipe. The well will be deepened to the planned Total Depth. The original wellbore reached a depth of 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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