Santos Limited · ASX:STO
Santos — Merger or Acquisition (July 2006)
7 slides from Santos's merger presentation, Jul 17, 2006
Slide 1: Investor Briefing
Investor Briefing Santos Limited 17 July 2006 This presentation relates to an offer which includes the acquisition of Delhi Petrojeury Pky Lid (Delhi), and the transfer to Santos of all of the ASXisted Floating Interest Energy Linke Securities (FIELDS) issued by the Australian Onshore Energy Fund (A
Slide 2: Decreasing participation in exploration
Decreasing participation in exploration High gearing Delhi assets Long life, cash tevels: 2 best suited to: generating acsets appropriate for industry ly Uncertain inflerent volatitty particigant Feary wh capacity for new and active arsebs provides low Valuie-adding jovestment Santos Operates, isk,
Slide 3: bcs aii ES y un SE)
bcs aii ES y un SE) ay South Australia {med Factor) South West Qid . ly South West Old Oil 52% 72% T3% -100% {ATP 259) 2) across different blocks | across different blocks Jackson Moonie . Proven plus probable reserves (at 31/12/05) ae 824 mmboe #5 Other minor SA assets are also held by Getty (8 Nac
Slide 4: FIELDS offer
Il ¢ RSBLE UE FIELDS re Closing Price Alter Price {A583.25) A) 6 month VAP © es : {A$62,31) De A raonth VWAP (456043) Subs Jub Auge 6 anes “A54 eb6e Verde Abeie May o6 Gloseb tice. ‘Srnontt VVAP Ottar Brice ened ieonth AR: » Provides a clean 100% cash exit » Attractive premium compared fo récent tra
Slide 5: Appendices
Appendices Dues: VI yy j « The acquisition of all of Delhi Petroleum Pty Limited's (Detli> joint venture interests in the Cooper and Eromanga Basins # [he acquisition of 100% of the issued shares in API (ultimate holding company of Delhi) » A creditors Scheme of Arrangement to approve the transfer o
Slide 6: Mail Cheques to FIELDS Noteholders
sk Mail Chedues to FIELDS Notehoiders ELUTE Responsible Anuby: Dell Note (Asz00m) SubSCrDuOn 107 FIELDS (Aga00m)
Slide 7: Investment in FIELDS of $100
investment in FIELDS of $100 » FIELDS investors will still receive the benefit of the August interest payment of $2.805 ‘Votal interest payments 420,53 Santos payment: BES 25. Total payments $103.78