good enough for me

this article is good enough for me,,im hanging on and ready for the ride....................Ranau PSC

The 2123 square kilometre Ranau PSC is virtually unexplored though the existence of oil and gas wells in surrounding areas along with observed oil seeps are evidence of a proven petroleum systems in the area.

Studies carried out in conjunction with the Geology Department of Trisakti University have allowed Quest to identify four very lightly explored sub-Basins that form a significant extension of the prolific South Sumatra Basin and contain up to 3 kilometres of sediment with potential for oil and gas.

These studies have also delineated four structural leads within the Jaya and Ratu sub-Basins that Quest will further define as drill targets with 2D seismic.

South Sumatran oil and gas fields appear to occur in and around discrete sub-Basins that are the focus for disposition of oil and gas prone source rocks and as depocentres for reservoir quality sands.

Gas discovered at Ranau PSC can be commercialised through the nearby South Sumatra – West Java (SSWJ) gas transmission pipelines and processing infrastructure.

The SSWJ pipelines supply large markets in Sumatra, West Java and Singapore.

Oil can be commercialised through facilities located within 50 kilometres of the Ranau PSC. These facilities process and transport oil from the large, Pertamina-operated, fields to the north of the Ranau PSC.

Quest holds a 80% stake in Ranau and held cash and cash equivalents of A$2.06 million as at the end of March 31, 2012.



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