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SANTOS LIMITED Capital/Financing Update 2005
65872_rns_2005-04-21_4d4f5efa-10d7-4b0e-9e79-b0b88719bef9.pdf
Capital/Financing Update
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STOCK EXCHANGE ANNOUNCEMENT
ROMA SHELF PROJECT AREA CONVENTIONAL GAS RESERVES UPDATE
22 April 2005
The Operator of the Roma Shelf Project Area (Santos) has informed Sunshine Gas Ltd of their Year End 2004 reserves assessment. The reserves below are those attributable to SHG:
Sunshine Net Gas Reserves for Year End 2004:
Gas (Pi)
| Proved Reserves | 1.6 (YE 2003 = 2.3) | |
|---|---|---|
| Proved & Probable Reserves | 5.8 (YE 2003 = 6.7) | |
| Proved+Probable+Possible Reserves = | 21.8 (YE 2003 = 14.6) |
In addition, only relatively minor 3P liquid hydrocarbon reserves (attributable to SHG) have been reported by the Operator.
Participants in the Roma Shelf Project Area are:
Sunshine Gas Limited (SHG) $~\sim$ 15% Santos Limited - Operator $~85%$
SUNSHINE GAS LIMITED - OVERVIEW
Sunshine Gas listed on ASX 3 July 2002 with a conventional gas, oil and coal seam gas focus on Queensland. The Company has interests in 16 Petroleum Leases (PL's) and 13 Authorities To Prospect for Petroleum (ATP's) - including awarded permits and applications - covering an area of over $37,000 \text{ km}^2$ .
The Company has conventional gas / liquids reserves & production from the Roma Shelf as well as several projects in various stages of development. These projects are expected to lead to strong earnings growth in the future.
For additional information about the Company, please visit www.sunshinegas.com.au
Waldan
Chris Blamey Company Secretary SUNSHINE GAS LIMITED Telephone: +61 7 3221 4400
Sunshine Gas Limited ABN 44 098 563-663
Registered Office: Level 2, Waterfront Place, 1 Eagle Street, Brisbane 0LD 4000 Tel: 617 3221 4400 Fax: 617 3221 4477 PO Box 7808, Waterfront Place, Brisbane OLD 4001 [email protected] www.sunshinegas.com.au