Santos Limited · ASX:STO
Santos — Investor Day (November 2003)
28 slides from Santos's investor day presentation, Nov 26, 2003
Slide 1: Base Business presentation
General Mananer (5, tral Business Oa Santos Disclaimer & Important Notice Santos
Slide 2: Key Messages Overview
Key Messages Overview
Slide 3: Delivering on 2001 Strategies
Delivering on 2001 Strategies Extend plateau gas production 550 PJ Increase gas and premium product prices J 2 10% » Grow liquids production ; 410% + Minimise cost increases y ~$200 m ye Demand Expting@a
Slide 4: Cooper Basin Gas Business
Cooper Basin Gas Business
Slide 5: Cooper Basin Oil Business
Cooper Basin Oil Business | Dexelonnent Optimisation ; WG Supply to Moomba Dis bah < Se Pomaln area
Slide 6: Cost Management - Production Costs
Cost Management - Production Costs =
Slide 7: Keeping The Cash Coming
Keeping The Cash Coming
Slide 8: Disclaimer & Important Notice
Disclaimer & Important Notice a ines otherwise raed Santos
Slide 9: Progress ~ 2003
Progress ~ 2003 : a a * Delivered production and netback as forecast #2 Prove up additional: reserves. Appraised john Brookes (ihomas Bright) # Transition to offshore: » Establish Perth office production operator « Mutineer-Exeter sanctioned Moving 20: tirst-oll in: 2008. ®: Successtul Carnarvon Bas
Slide 10: Carnarvon Oil
Carnarvon Oi 2003: increased equity and offset decline = -Globex: 12.5% equity purchased: Oct 2003 Minimise production rate decline via infal drilling Stag 25H drilled in 2003 Three sidetrack and Legendre eid Priorities | Drilled LN4H well (April °03) » Purther opportunities being screened « Maximis
Slide 11: Carnarvon Gas
Carnarvon Gas East Spar Field Priorities * Infill drilling and dovetail to John Brookes # Bast Spar 1 watered out (Oct 03) » Start-up bast Spar 6 fo maintain fieid deliverability (Dec 03) « New Alinta gas sales contract £92 P)) as, ator Keache Gantcs a) 3John Brookes d Priorities 400 8) 100 P) das r
Slide 12: Carnarvon Exploration: Ajax Prospect
Carnarvon Exploration: Ajax Prospect . at" Probability of orainercialisation
Slide 13: Mutineer-Exeter
Mutineer-Exeter Of Exeterand 40 Km NE OPREX PEAK DAILY ASmilion ( RATE foros) BORO. L000 Production aie 2005 y Operator: Saito (3 4%) BCoriarion Os
Slide 14: 2002-2007 Production Profile
2002-2007 Production Profile Santos .
Slide 15: Disclaimer & Important Notice
Disclaimer & Important Notice i peferences te dollars, a Ors ee othervige Stated Santos
Slide 16: Santos Northern Interests
Santos Northern Interests
Slide 17: Delivering Results
Delivering Results Bayu-Undan » Liquids project on schedule for Q2 2004 production » LNG contract in place 2003 » Pipeline and LNG plant under construction Timor Gas * Development plan for Petrel/Tern fields » Operatorship of Evans Shoal y Denison & » Scotia field producing y Surat » Churchie field
Slide 18: Secure Domestic Gas Contracts
Secure Domestic Gas Contracts _ «Sustain d record of supply. ___+Increasing gas for power generation Scotia — Prime CSM Project
Slide 19: Scotia — Keys to realising value
Scotia — Keys to realising value
Slide 20: Roma Shallow Gas — New Play
Roma Shallow Gas — New Play Roma Shallow Bios Ope. Santos inmowement LL Onshore Objectives Achieve 21% production gr mIStING are ue to supply | lise market opp:
Slide 21: Disclaimer & Important Notice
Santos Disclaimer & Important Notice j 1s presentation Ontains for are COKIN stateirents (at cone © Santos
Slide 22: Why Is Santos In The US?
Why Is Santos In The US? Santos
Slide 23: What Has Santos Accomplished Since Acquiring Esenjay?
What Has Santos Accomplished Since Acquiring Esenjay? a uF Zoe Lovells Lake Dome: 9 wells deepe than 12,000 Santos
Slide 24: Production Growth
Production Growth @ Santos Producing Fields SG be ited Santos
Slide 25: North, Central and South American Opportunities
North, Central and South American Up) Opportunities i US Business Unit Growth Vehicles Near Perm 2004-05 Exploration FB Exii Driling Activity pei (rnginly Eseniay 3443 Bs, * Predictable Reserve and: Production Adds Santos
Slide 26: Santos Has Moved Toward Best-in-Class Drilling Cost Performance
Santos Has Moved Toward “Best-in-Class” Drilling Cost Performance Cs $144] ft Is Benchinark (7 For Top 5 Performer: Sorts Santos
Slide 27: Santos Is Outperforming Direct Competitors
Santos Is Qutperforming Direct Competitors Exploration New Ventures Reflect Leveraged Learnings From Esenjay Acquisition Santos
Slide 28: Conclusions
Conclusions