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Santos advises that the Hides F1 (Hides Deep) well has reached total depth of 4,633 metres.

Thick argillaceous sandstone intervals were encountered in the exploration target, the Koi-Iange Formation, but wireline evaluation confirms an absence of reservoir quality.

The exploration component of the well will now be abandoned and the development section completed as a gas producer for the PNG LNG Project.

Santos has a 24% interest in the exploration component of Hides F1.