SANTOS LIMITED — Regulatory Filings 2003

11 November 2003

WOODSIDE PETROLEUM LTD. ABN 55 004 898 962

STOCK EXCHANGE RELEASE

JPDA 03-01 Kuda Tasi-2

Woodside Petroleum Ltd., Operator of the JPDA 03-01 Joint Venture, located in the Timor Sea, reports that on 11 November 2003 the Kuda Tasi-2 appraisal well was being prepared for flow testing.

Since the last report, a 7 inch liner has been run and cemented in place. Preliminary wire line log analysis indicates that a gross 35 metre oil column has been intersected.

Woodside's interest in JPDA 03-01 is 40%. The other participants are Inpex Timor Sea Ltd (35%) and Santos (JPDA 03-01) Pty Ltd (25%).

ANTHONY NIARDONE Assistant Company Secretary