text: <html>
          <head> <meta charset="UTF-8">
          <style>
          table, th, td {
              border: 1px solid black;
              font-size: 10px;
          }
          </style> </head>
          <body>
          <table frame="hsides" rules="groups" width="100%%">
              [html]<thead><tr><td>Exploration is a key growth driver for Sartos and success writh the controlled by the partners. During the past four years Santas has been working to build exploration opportunities by :• acquiring new</td><td>The program added at least 93 million boe ( lincluding the pre - dris estimate for Jerux ) of the pre - dris evaluated by delineation ( in some cases, production bistory to determine 1P and 2 reserve additions.</td></tr></thead><tbody><tr><td>exploration acreage • adding material</td><td>Importantly, these results were achieved with financial discipline spending $ 126 million which was substantially less than forecast.</td></tr><tr><td>exploration prospects</td><td>The most significant drilling result for the year was the Jer</td></tr><tr><td>Table</td><td>result for the year was the Jeruk</td></tr><tr><td>Santos ’ 2004 exploration effort</td><td>offshore East Java, Indonesia.</td></tr><tr><td>produced good results, as the Company high graded its</td><td>The 3eruk discovery is still under evaluation but its commercial.</td></tr><tr><td>exploration acreage and started</td><td>significance appears encouraging.</td></tr></tbody>
          </table> </body> </html>