Santos?s Indonesian drilling update

Thursday, December 18 2003 - 06:00 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending December 18, 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 -- 18/12/03 (Jakarta Time)Changing blow out preventers from 21 ?? to 13 5/8?. The current depth is 2295m, with 859m progress from the kick-off depth.
Planned Total Depth 5172m
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group
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