Slide 1: Westpac Funds Management Limited cover letter
Westpac Funds Management Limited ABN 28 085 352 405 AFS Licence No 233718 Alfestpac Level 8, 255 Elizabeth Street, Sydney NSW 2000 04 july 2005 Company Announcements Australian Stock Exchange 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam Please find attached a copy of Santos Limited’s Investor Bri
Slide 2: Forward-looking statements
atory developments, economic i, approvals and cost esuiiniatas,
Slide 3: Transaction Structure
Transaction Structure Cash “merger™ offer for ‘Tipperary Corp : Recommended by Board Net Result 6.7% shareholder approval Ai 100% equity in 4% Slough stake voted in favour <7 Tipperary Corporation ‘Anticipated close early 40. se) & ( yoy 100% equity in Tipperary Oil and Gas Australia quisition of Sl
Slide 4: Financial Summary
Financial Summary ‘Santos Santos strategy in three parts
Slide 5: Core gas business is enhanced
Core gas business is enhanced + 3914-mmboe pontingent. resources in'P ‘Santos Coal Seam Methane Strategy Saritos
Slide 6: Position Santos as #1 or 2 in CSM
Position Santos as # 1 or 2in CSM eee eign ie Position Santos as # 1 or 2 in CSM ip & x < Exploration .” Evaluation
Slide 7: Target quality assets: resources
oes 8 Seduction Target quality assets: resources age ey J bs 6 bof 2 8 a » 10 years of proven production "sa eee] o0 e9e|es0| 66 (00 eee! Overatorshi [PSC ee ee ee | 8 8 eee Pp Pp | Walloons | | @@ [eee @@ [ee | ee | ee | @ | [Ponder River | @ [eee|@e |e" |"e |e [eee] [Back Warior [@@@|@e [ee |e | @
Slide 8: Target quality assets: market options
Target quality assets: market options Ex ings re contract hase Swap opportunities Wy ) ne 7 ig 1990’s Now/Future Santos commences Santos commences) Sentos aca oxpoiaion, 7) producus Mippevany -
Slide 9: Enter early: proven concept and capability
Enter early: proven concept and capability > Feld Production (TYaay) ~~ Welt Count antes Apply distinctive advantages * Largest onshore driller and operator * Economies of scale CSM experience * Synergies opportunities | + Santos infrastructure development Market acceptance yy ‘ j Reserve optionalit
Slide 10: Santos
anlos