Santos Limited · ASX:STO
Santos — Morgan Stanley Asia Pacific Summit 2004
19 slides from Santos's conference presentation, Nov 2, 2004
Slide 1: Disclaimer & Important Notice
Santos Disclaimer & Important Notice Santos
Slide 2: Presentation Outline
Presentation Outline Santos 1. Who oe Are We? Fen tos
Slide 3: Santos' Strategy: How
Santos’ Strategy: How Domestic gas franchise Core competencies Exploration Acquisitions Cost leadership Gas commercialisation Production optimisation Superior capital allocation Production Gas Optimisation Commercialisation j 4 = Control system s7-Jas:Swaps: 7). Nth Balt 4 -Delling and EA 7 SPOL Sal
Slide 4: Exploration Options
Exploration Options SE Australia Gas NW Australia Oil Santos A Mensrialisnd $01 whcen S80 Santos
Slide 5: How Are We Changing?
How Are We Changing? Santos 2. New Projects Replacing Old Fen tos
Slide 6: Managing existing assets
Managing existing assets Santos Developing New Assets Santos
Slide 7: Mutineer-Exeter Field Development
Mutineer-Exeter Field Development Santos Global Oil Prices Jas AO 100 Tan 04 J6 ne Aa-03 00-08 1 > Realised AU a Santos
Slide 8: Why are oil prices high?
Why are oil prices high? Santos Developing New Assets Sole « Petrel-Tern i» Hides Golden Beach ) Evans Shoal |» Indonesia exploration Kipper , « Indonesia exploration |) « Otway exploration US exploration y| « Egypt exploration Onshore Aust oi a Otway exploration 4 © Onshore Aust gas Santos
Slide 9: Potential Big Gas Commercialisation
3, Potential Big Gas Commercialisation Santos Gas Commercialisation and Reserves Santos
Slide 10: Exploration: The Journey So Far
4, Exploration: The Journey So Far Building a portfolio Of Opportunities Rew Ventures. thternanional Portico y _ Egyot/Middie cast/iin Attic: eng, "Me Goes ) Drilling the \_ new. opportunities Santos Exploration: Basin Excellence Strategy Leader in technica! ; + East Java Total/ understanding Mitst
Slide 11: Active Portfolio Management
Active Portfolio Management Santos 2 Otway Basin | i Marita, Callister, Aninit Santos 11
Slide 12: Jeruk Oil Discovery
Jeruk 2 Oil Discovery Santos 5. Dividend and Capital Management Santos 12
Slide 13: Why Santos?
Why Santos? Jeruk 2 Testing Fen tos 13
Slide 14: Santos
Santos Santos 14
Slide 15: 2004 First Half Results
2004 First Half Results Santos 2004 Second Half Sensitivities 15
Slide 16: Upcoming Exploration
Upcoming Exploration Weil Basinj Area Target.) Upsile Resource = = Yi ) oe Top Kujung y ELE TG MOET Limestone y yop Kujung Limestone 3 _ Depth structure Map Santos 16
Slide 17: North Bali I PSC
North Bali | PSC ‘Kujung § Limestone Otway Deep Water //, Proposed jj A Amrit 4d Santos 17
Slide 18: Gulf of Suez
Gulf of Suez BP Sagaara discovery. 2003;:80:-mmbo: O* Khefren 1 (a y SoMe Proposed Pohon 1. gees Santos 18
Slide 19: Investor Relations — Santos
Investor Relations — Santos Graeme Bethune, Group Executive Investor Relations P: +61 8 8218 5157 M: 0419 828 617 E: graeme.bethune@santos.com Mike Hanzalik, Analyst P: +61 8 8224 7725 M: 0439 892 143 E: mike.hanzalik@santos.com Brooke Pedersen, Assistant Analyst P: +61 8 8224 7227 M: 0400 250 027 E