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CWO`s Ann:$200M Medium Term Note Issue

Document date:  Thu 25 Nov 1999
Published:  Thu 25 Nov 1999 15:11:06
Document No:  155514
Document part:  A
Market Flag:  N
Classification: 

HOMEX - Adelaide                                                      

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                 SANTOS LIMITED - SUMMARY OF DRILLING

                        WEEK ENDING 26/03/1998


SOUTH AUSTRALIA


WELL:           Goyder 3

TYPE:           Unit Gas Development

LOCATION:       PEL's 5 & 6, Nappacoongie - Murteree Block. 1.2km
                WNW of Goyder 1, 1.4km NW of Goyder 2 and some
                38km SE of the Moomba Gas Plant.

STATUS AT 
26/03/1998
0600 HOURS:     Running wiper trip prior to logging. The well reached
                a total depth of 2117m with 736m progress for the
                week.

PLANNED
TOTAL DEPTH:    2117m

INTEREST:       Santos Group                               59.7500%
                Delhi                                      20.2100%
                Boral Energy Resources Ltd                 13.1900%
                Gulf (Aust) Resources NL                    4.7500%
                Cultus Group                                2.1000%

                Operator - Santos Group




WELL:           Cardam 1

TYPE:           Block Gas Exploration

LOCATION:       PEL's 5 & 6, Patchawarra Central Block, 1.8km SE
                of Moorari 7, 7.2km N of Tirrawarra 6, and
                approximately 60km N of the Moomba Gas Plant.

STATUS AT 
26/03/1998
0600 HOURS:     Cased and suspended. The well reached a total depth
                of 3141m with no progress for the week. The rig
                was released on 21/3/98.

PLANNED
TOTAL DEPTH:    3076m

INTEREST:       Santos Group                               79.9600%
                Delhi                                         0.00% *
                Boral Energy Resources Ltd                 13.1900%
                Gulf (Aust) Resources NL                    4.7500%
                Cultus Group                                2.1000%
                                                                  
                Operator - Santos Group.
                * Delhi elected not to participate
         

QUEENSLAND

WELL:           Challum West 1

TYPE:           SWQ Unit Gas Exploration

LOCATION:       PL 58, Innamincka Block, 4.75km NW of Challum 3,
                7.99km NW of Challum 1, and some 30km WNW of the
                Queensland Gas Centre, Ballera.

STATUS AT 
26/03/1998
0600 HOURS:     Drilling ahead. Current depth is 3021m with 681m
                progress for the week.

PLANNED
TOTAL DEPTH:    2955m

INTEREST:       Santos Group                               60.0625%
                Delhi                                      23.2000%
                Boral Energy Resources Ltd                 16.5000%
                OCA                                         0.2375%
                                                                 
                Operator - Santos Group


MORE TO FOLLOW
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