Santos? Indonesian drilling update

Thursday, April 1 2004 - 07:11 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending April 1, 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 0600hrs -- 01/04/04 (Jakarta Time)Jeruk-1 is being plugged and abandoned following evaluation operations. The well reached a total depth of 5027m with no progress for the week.
Planned Revised Total Depth 5250m
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group
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