Santos Makes Discovery with Casino 1 Well

Santos has made a natural gas discovery with its Casino 1 well located in the Otway Permit VIC/P44. Wireline logs indicate a gas column of approximately 47 meters. The well is currently in the process of being plugged and abandoned at a total depth of 2,118 meters. The drilling of an appraisal well is currently being considered. Santos is the operator and holds a 50% interest and Strike oil holds the remaining 50%.