Santos Plugs & Abandons Hill-1 Well

Santos reports that the Hill-1 exploration well is being plugged and abandoned as planned after reaching a total depth of 2575 meters.

Additional prospects will be drilled in the area in 2004 to further investigate this frontier play trend.

The well is located in exploration permit VIC/P51, 50 kilometers off the Victorian coast of Australia and 76 kilometers from the Casino gas field.

Interests in VIC/P51 are Santos as operator with 80% and Inpex, Alpha, Ltd. with the remaining 20%.