Santos Limited · ASX:STO
Santos — UBS Resources Conference 2006
10 slides from Santos's conference presentation, Jun 20, 2006
Slide 1: UBS Resources Conference
John Ellice-Hint Chief Executive Officer UBS Resources Conference 20 June 2006 This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. Ls believed that the expectations reflected in these statements are reasonable, but they may
Slide 2: Santos company overview and core areas
S : i LO ne « Markel capitalisation: ~ A$7.3 billion (ASX fop 40) » Proven plus probable reserves: 774 mimboe @ 31/12/05 Timor/Bonaparte 7 Western Australia tegend a Bxcloration Producnon. Eastern Australia Identify New Core Areas Asia, Middle East, USA. Mature ri Emerging Core Areas indonesia, Timo
Slide 3: Established infrastructure position
2 Established infrastructure position » Fairview production uo 67% since acquisition Zasine on-line 19 2006 « Significant uncontracted resources Gas prices strong Moomba { ; incident
Slide 4: Eastern Australia gas and Cooper oil program
« Obnay — Casino/ Henry acceleration, low risk follow up 2007 drilling 4 Sorell - high risk, LNG Scale deepwater portfolio ~ possible 2007 drilling ae » Gippsland = Kipper 7 : gas field equity Sorell nesinll purchase with exploration upside « Three rigs operational « 1900+ well program over 5 years
Slide 5: Initial wells drilled successful
» initial 26 weils drilled _ 25 successful (96%) : 7 Wells on-line | Plowrates on target Drilling in 7 days spud to spud Real time optimisation Legend IB Santos acreage 1G Santas. ge with Ailing activity 2006 Ol opportunity. {3 Gas opportunity:
Slide 6: Mutineer development
Mutineer 42 development well online © Production rate increased from 35k to 50k bbli/day Exeter 7 & 8 16 be drilled M-E 3D seismic survey Stag continues to perform well Jobn Brookes uncontracted [Exeter Sout Capacity 2006 Development Vell [2] Future Appraisal Opportunity » Bayu-Undan LNG at design c
Slide 7: Jeruk, Indonesia
Santos 40.5%, operator « Shallow water (42m), deep structure (>4500m subsea) » Kujung carbonate ® Jeruk 3 appraisal ongoing — 2,750 bbl/day, 14” choke from top of reservoir > Currently deepening well « Jeéruk 4 to follow late 03 ‘Hub Aman discovery Bontang short gas Good prospect: inventory Developm
Slide 8: Country entry and wells in 2006
tham Quntry entry, ells:in 2006 Targeting deepiplays > in:shallow-state waters; 4.wells planted in goes
Slide 9: Production profile
Bathymetry “20a naan “Raa clave) inna 2004 2005 2007 2008 ‘Australian Gas G) Australian O18 ff BayuUndan i Indonesia
Slide 10: Near term production growth and exploration program
» Near tefm production growth + Eastern Austidiian gas = Cooper oll program « Maleo, Oyong » Medium term growth potential > Jeruk appraisal - Jimor/ Bonaparte LNG » 2,0 bh poe contingent resources « Material exploration program > 20 wildcat wells in 2H 2006 » Growing production profile » 56 mmiboe i