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              [html]<thead><tr><td>HIGH IMPACT DRILLLING</td><td>Suez in Egypt, the Bonaparte</td><td>exploration portfolio. A</td></tr></thead><tbody><tr><td>IN 2005</td><td>Basin in the Timor Sea and the</td><td>multi - well drilling program</td></tr><tr><td>The 2005 exploration program</td><td>Carnarvon Basin offshore</td><td>will be undertaken in Santos '</td></tr><tr><td>has the highest resource potential.</td><td>Western Australia.</td><td>Kutei Basin PSCs during 2005.</td></tr><tr><td>of any program undertaken</td><td>The 2005 program reflects</td><td>Another gas discovery has</td></tr><tr><td>Patients</td><td>the increasing materiality of</td><td></td></tr></tbody>
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