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              [html]<thead><tr><td>Name of entity</td><td>Date of acquisition</td><td>Beneficial interest acquired %</td><tdcolspan="2">Purchase consideration $ million</td></tr></thead><tbody><tr><td>Fair value of net assets at time of acquisition Smillion</td><td>Sesap Pty Ltd</td><td>12 February 2004</td><tdcolspan="2">100</td><td>–</td></tr><tr><td>–</td><td>Novus Australia Resources NL</td><td>1 September 2004</td><tdcolspan="2">100</td><td>92.2</td></tr><tr><td>92.2</td><td>Novus UK ( Kakap 2 ) Ltd</td><td>1 September 2004</td><tdcolspan="2">100</td><td>35.1</td></tr><tr><tdcolspan="6">35.1</td></tr><tr><td></td><td></td><tdcolspan="2">The financial impacts of the acquisitions on the Santos Group and the Company are summarked belaw :</td><tdcolspan="2">Consolidated</td></tr><tr><td></td><td></td><td>Santos Ltd</td><td>2004</td><td>2003</td><td>2004</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><tdcolspan="2">2003</td><td>$ million</td><td>$ million</td><td>$ million</td><td>$ million</td></tr><tr><tdcolspan="2">Fair value of net assets acquired</td><td>Cash</td><td>( 1.7 )</td><td>1.3</td><td>( 1.4 )</td></tr><tr><tdcolspan="2">1.3</td><td>Other</td><td>( 2.4 )</td><td>10.3</td><td>( 2.3 )</td></tr><tr><tdcolspan="2"></td><td>10.3</td><td>Exploration and development expenditure</td><td>131.4</td><td>12.4</td></tr><tr><tdcolspan="6">95.9</td></tr><tr><tdcolspan="2">12.4</td><td>127.3</td><td>24.0</td><td>92.2</td><td>24.0</td></tr><tr><tdcolspan="2">Purchase consideration</td><td>Cash consideration paid</td><td>110.6</td><td>24.0</td><td>92.2</td></tr><tr><tdcolspan="2"></td><td>24.0</td><td>Amount payable after balance date</td><td>16.7</td><td>–</td></tr><tr><tdcolspan="6">-</td></tr><tr><td>–</td><td>127.3</td></tr></tbody>
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