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Major announcements made by Santos during 2006

20 Jan 25 Jan 25 Jan

Drilling report on Nyari-1 exploration well LNG and oil focus in $225 million exploration program

2005 Fourth Quarter Activities Report: 2005 revenue up 64% to record $2.46 billion

1 Feb 3 Feb 10 Feb 23 Feb 23 Feb 23 Feb 17 Mar 26 Apr

First production from Casino gas field Update on PNG Gas Project New drilling rig being assembled at Toowoomba 2005 Full Year Results: Santos' 2005 profit doubles Santos increases reserves Capital expenditure outlook Extension of CEO contract

Santos continues building its position in South East Asia with Vietnam farm-in

27 Apr

2006 First Quarter Activities Report: Santos increases first quarter production and revenue

4 May

2006 Annual General Meeting: Board remains confident in Santos’ future success

9 May 18 May 9 Jun 27 Jun 30 Jun 30 Jun 12 Jul 14 Jul

Santos acquires additional interest in Gippsland gas field Progress report on Jeruk-3 appraisal well Progress report on Jeruk-3 appraisal well Banjar Panji-1 well incident Clarification about Banjar Panji-1 well incident Drilling report on Dua-4X exploration well Santos in discussions about possible Delhi acquisition

Progress report on Jeruk-3 appraisal well and resource downgrade

17 Jul 21 Jul 24 Jul 27 Jul

Santos announces $474 million Delhi acquisition bid Banjar Panji announcement from Lapindo Brantas Gas encountered at Evans Shoal South

2006 Second Quarter Activities Report: record first half for Santos

28 Jul 2 Aug 16 Aug 17 Aug

Update on Delhi transaction Progress report on Jeruk-3 appraisal well Successful gas delineation well at Gnu-1 Drilling report on Dua-4X appraisal well

22 Aug 24 Aug 5 Sep 21 Sep 22 Sep

Drilling report on Galloway-1 exploration well 2006 Interim Results: record Santos first half result Drilling report on Wortel-1 exploration well, Sampang PSC Further oil and gas discovered on Dua structure

Gulf of Mexico exploration venture with KNOC and Samsung

26 Sep 28 Sep 3 Oct 5 Oct 9 Oct 11 Oct 11 Oct 12 Oct 19 Oct 24 Oct 26 Oct

Santos to supply Wesfarmers domestic LNG plant Roy Franklin appointed to Santos Board First production from Maleo gas field Santos announces $606 million cash offer for QGC Drilling report on Wortel-2 exploration well Santos challenges QGC to provide valuation Santos CSG bidders statement Progress report on Dua-5X appraisal well Banjar Panji announcement from Lapindo Brantas Santos CSG bidders statement

2006 Third Quarter Activities Report: record quarterly production for Santos

30 Oct 6 Nov 9 Nov 12 Nov 14 Nov

Santos continues to build its position in Vietnam Update on Santos offer for QGC Statement on QGC reserves announcement ‘QGC shareholders in the dark’: Santos Chairman

Queensland Gas ‘major back-flip’ on independent expert position

17 Nov 20 Nov 23 Nov 24 Nov 29 Nov 8 Dec 11 Dec 11 Dec 15 Dec 15 Dec

Blackbird oil discovery Santos update on QGC offer East Java gas pipeline incident Jeruk reserves update Drilling report on Barossa-1 exploration well Banjar Panji-1 incident briefing document Santos CSG supplementary bidder's statement United States interests to be divested Retirement of Director, Michael O’Leary Successful testing of the Blackbird oil discovery

Dates shown are when announcements were made to the exchanges where Santos’ shares are listed: the Australian Securities Exchange (ASX) and NASDAQ. As part of Santos’ continuous disclosure, the Company informs the market of information that may affect the Company’s share price. All material announcements disclosed to the ASX are published on Santos’ website, www.santos.com.

The Santos website provides an email alert facility where people can register to be notified, free of charge, of Santos’ News Announcements via email, as well as an RSS feed which allows people to view these announcements using RSS reader software.

Santos Annual Report 2006 43

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