Santos?s Indonesian drilling update

Wednesday, December 24 2003 - 04:22 AM WIB

The following is excerpt from Santos Limited?s Weekly Drilling Report for week ending December 24, 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 -- 24/12/03 (Jakarta Time)Drilling ahead. The current depth is 3751m with 1456m progress for the week.
Planned Total Depth 5172m
Interest Santos Group 50%
PT Medco Sampang 50%
Operator Santos Group
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