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Santos Group interests

As at 28 February 2007

Licence Area

% Interest

SOUTH AUSTRALIA

(PPL = Petroleum Production Licence; PL = Pipeline Licence; PEL = Petroleum Exploration Licence)

Cooper Basin* (Fixed Factor Area)

(PPLs 6-20, 21-61, 63-75, 78-117, 119, 120, 124, 126-130, 132-135, 137-141, 143-146, 148-151, 153-155, 157, 159-166, 169-181, 183-186, 188-190,

192, 193, 195, 196, 198 & 199)

66.6

Patchawarra East Joint Operating Area*

(PPLs 26, 76, 77, 118, 121-123, 125, 131, 136, 142, 147, 152, 156, 158, 167, 182, 187, 191, 194, 197, 200 & 201) 72.3 65.0 100.0 66.6 Derrilyn Unit* (PPL 206 & 208) PEL 114* PL2*

QUEENSLAND

(PL = Petroleum Lease; PPL = Pipeline Licence) South-West Queensland* ATP 259P

Naccowlah (PLs 23-26, 35, 36, 62, 76-79, 82, 87, 105, 107, 109, 133, 149, 175, 181, 182 & 189)

55.5

Total 66 (PLs 34, 37, 63, 68, 75, 84, 88, 110, 129, 130, 134, 140, 142-144, 150, 168, 178, 186, 193, 241, PPL8 & PPL14) 70.0

Wareena (PLs 113, 114, 141, 145, 148, 153, 157, 158, 187 & 188)

61.2

Innamincka (PLs 58, 80, 136, 137, 156 & 159)

Alkina

70.0 72.0

Aquitaine A (PLs 86, 131, 146, 177 & 208)

52.5

Aquitaine B (PLs 59-61, 81, 83, 85, 97, 106, 108, 111, 112, 132, 135, 139, 147, 151, 152, 155, 205 & 207)

Aquitaine C (PLs 138 & 154) 50/40/10 (PL 55)

55.0 47.8 60.0

SWQ Unit (PPLs 13, 16-18, 31, 34, 35, 36-40, 46-48, 62, 64-72, 78-82, 84, 86, 94-96, 98, 100, 101, 105 & 113 and in South Australia PLs 5 & 9)

60.1

ATP 267P (Nockatunga)(PLs 33, 50 & 51)

59.1

ATP 299P (Tintaburra) (PLs 29, 38, 39, 52, 57, 95, 169 & 170, PPLs 109, 110, 111 & 112)

ATP 543 S

89.0 50.0

44 Santos Annual Report 2006

Licence Area

% Interest

28, 69 & 89)*

53.8

ATP 470P (Redcap) (PL 71)

10.0

ATP 470P (Formosa Downs)

5.5

ATP 471P (Bainbilla) (PL 119 & PPL 58) 16.7

ATP 471P (Myall) (PL 192 & PPL 87)

51.0

Boxleigh (PL15 Sublease)*

100.0

PL 1 (Moonie)*

100.0

PL 1 (2) (Cabawin Exclusion)*

100.0

PL 1 (FO) (Cabawin Farm-out)*

50.0

PL 2 (A & B) (Kooroon)*

52.5

PL 2 (Alton)*

100.0

PL 2C (Alton Farm-out)*

63.5

PL 5 (Drillsearch)*

25.0

PL 5 (Mascotte)*

59.0

PL 11 (Snake Creek East)*

75.0

PL 12 (Trinidad)*

100.0

PL 17 Upper Stratum Farmin*

100.0

PPL 119 (Downlands East Exclusion)

28.8

ATP 470P (Formosa Downs)

5.5

ATP 543 N ATP 765 Farmin (Under Appln) ATP 766 Farmin (Under Appln) Surat Basin ATP 212P (Major) (PLs 30, 56 & 74)

ATP 336P (Roma) (PLs 3-13, 93 & PPL2)*

ATP 336P (Waldegrave) (PL

s 10-12,

100.0

100.0 63.0 63.0

15.0

ATP 526 (PLs 90-92, 99-100 & 232-236, PPLs 76 & 92) (Fairview)* 71.7 71.7 100.0 71.7 12.5 16.7 100.0 2.0 ATP 653P (Fairview)* ATP 655P (Fairview)* ATP 745P (Fairview)* PLs 21, 22, 27 & 64 (Balonne) PL 213 (Churchie West) ATP 842 (under application) ATP 592P, (PLs 195, 203) ATP 804P Bowen Basin

ATP 337P (Denison)* (PLs 41-45, 54, 67, 173, 183, 218, PPL10 & PPL11)

ATP 337P (Mahalo)* PL176 (Scotia)* ATP 553P (Denison)* ATP 685P (Cockatoo Creek) ATP 850 (under application) Facilities Wungoona Processing Facilities*

50.0 30.0 100.0 50.0 50.0 100.0

50.0

Licence Area

% Interest

Moonie to Brisbane Pipeline*

100.0

Jackson to Moonie Pipeline (PPL 6)*

82.8

Comet Ridge to Wallumbilla Pipeline

(PPL 118)*

100.0

VICTORIA

Otway Basin (Onshore)

PEP 160

30.0

Otway Basin (Offshore)

VIC/P44 (Casino)*

50.0

VIC/P51*

55.0

VIC/RL7 (La Bella)

10.0

VIC/L22 (Minerva)

30.0

Gippsland Basin (Onshore)

VIC/P39 (V)*

37.5

Gippsland Basin (Offshore)

VIC/RL3 (Sole)*

100.0

VIC/L21 (Patricia-Baleen)*

100.0

VIC/L24

50.0

VIC/L25 (Kipper)

50.0

VIC/P55*

100.0

OFFSHORE SOUTH AUSTRALIA Duntroon Basin* EPP 32

100.0

OFFSHORE TASMANIA

Sorell Basin*

T/32P

37.5

T/33P

55.0

T/35P

37.5

T/36P

50.0

T/40P

100.0

NORTHERN TERRITORY

Amadeus Basin

OL 3 (Palm Valley)

48.0

OLs 4 and 5 (Mereenie)*

65.0

RL2 (Dingo)*

65.7

PL2 Mereenie Pipeline*

65.0

OFFSHORE NORTHERN AUSTRALIA

Carnarvon Basin EP 61 EP 62

  • *

    Santos-operated.

28.6 28.6

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