Santos?s Indonesian drilling update

Thursday, December 11 2003 - 11:12 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending December 11, 2003:

Wildcat Exploration WellsJeruk 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 0600hrs -- 11/12/03 (Jakarta Time)Changing out bottom hole assembly to drill ahead sidetrack. The current depth is 1436m, with 56m progress from the kick-off depth. As previously reported, the drillstring became stuck while drilling at 1515m. The string was subsequently backed off at 1419m and the original wellbore plugged back to 1380m.
Planned Total Depth 5172m
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group

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