Fergana_Basin_Farmout_Commercial_0510.pptVIP

Fergana Basin Farmout - Commercial May 2009 Introduction Santos is major shareholder in two companies in the Kyrgyz Republic, South Petroleum Company (SPC - STO net 70%), and KNG Hydrocarbons (KNG HC - STO Net 54%) SPC and KNG HC are the operators of oil and gas prospecting licenses Santos acts as the defacto operator for SPC and KNG HC (eg contracting and operating processes are all compliant with Santos EHSMS, in addition to being local law compliant) Santos also holds a call option to farm-in to a 70% shareholding in Somon Oil, the operator of oil and gas exploration licenses in Tajikista