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Summary

Santos 2001 Results - Second Highest Profit On Record

Santos Limited today announced an after-taxprofit for the 2001 full year of $446 million or 73 cents per share, the second highest earnings in the Company’s history.

The strong result reflected close-to-record production of 55.7 million barrels of oil equivalent (boe) and a close-to-record realised Australian dollar oil price of $45.53 per barrel.