Santos acquires Gippsland Basin interests

Santos Ltd. has expanded its interests in Victoria's Gippsland oil and gas fields with the acquisition of Trinity Gas Resources Ltd., which holds 10% interest in production license VIC/L21 and a 10% interest in retention lease VIC/RL3.
Aug. 18, 2005

Offshore staff

Santos Ltd. has expanded its interests in Victoria's Gippsland oil and gas fields with the acquisition of Trinity Gas Resources Ltd., which holds 10% interest in production license VIC/L21 and a 10% interest in retention lease VIC/RL3.

Santos has acquired a 33.3% interest in the VIC/P55 exploration block from Diamond Gas Resources Pty Ltd.

These transactions are consistent with Santos' continuing portfolio rationalization activities. Following completion, Santos will hold 100% in each of Patricia-Baleen, Sole and VIC/P55.

08/18/05

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