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Media enquiries Investor enquiries
Kathryn Mitchell Andrew Seaton
+61 8 8218 5260 / +61 (0) 407 979 982 +61 8 8218 5157 / +61 (0) 410 431 004
kathryn.mitchell@santos.com andrew.seaton@santos.com

Further to the release of its 2005 results earlier today, and in response to a question received during the presentation and webcast, the table below details Santos’ 2006 capital expenditure outlook by region.

Capital Expenditure Outlook (A$ millions)

Development * Expenditure
Eastern Australia 430
Western Australia 58
Timor/Bonaparte 21
Indonesia 130
USA 13
Other 98
Subtotal 750

Delineation Expenditure 112

Exploration Expenditure 225

_______________________________________________________

Total Expenditure 1,087

* Includes construction and fixed assets expenditure

Santos stock symbols: STO (Australian Stock Exchange), STOSY (NASDAQ ADR), Ref #82-34 (Securities Exchange Commission)