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Summary

Appointment Of Santos USA Corp President

Santos Limited announced today the appointment of Ms Kathleen (Kathy) Hogenson as the General Manager and President of its USA subsidiary (Santos USA Corp). In this position, Kathy will be responsible for the growth strategy of Santos’ USA activities including the evaluation/development of, and further exploration arising from, the 2000 discoveries at Ashland Deep (Runnells) and Queen City (Mew) prospects.

Ms Hogenson is 41 years old, a USA citizen and lives in Houston, the site of Santos USA Corp’s office. She gained a BS Chemical Engineering from the Ohio State University in 1982 and has worked in the petroleum exploration and production industry since that time.

Ms Hogenson’s career has involved both domestic USA and international experience including Ecuador and Indonesia; with Aminoil, Phillips Petroleum, Maxus Energy, Forest Oil and Unocal. Her most recent appointment was Vice President of Exploration and Production Technology at Unocal.

Ms Hogenson has 19 years of experience in many facets of the upstream oil and gas industry with an emphasis on development and reservoir/production optimisation. In addition to holding responsibility for Santos’ USA operations, Ms Hogenson will be a member of Santos’ Executive Committee where her experience in reservoir/production optimisation and technology will be most valuable.

Commenting on Ms Hogenson’s appointment, Santos’ Managing Director,

Mr John Ellice-Flint, said:

“Some of Kathy’s recent achievements demonstrate significant productivity improvements in production activities through the application of technology and processes. This experience will be put to good use in the implementation of Santos’ strategic review which was unveiled at Santos’ Annual General Meeting on 4 May 2001.”

“The skills Kathy brings to Santos is highlighted by the success she achieved with Maxus Energy in Ecuador. During her time with Maxus Energy, Kathy was part of the team that created and executed a development strategy for six heavy oil fields containing an identified 200 million barrels of oil resulting in reserves increasing to 500 million barrels of oil over four years at an average finding and development cost of US$1.80 per barrel.”