NZO
18/03/2013 09:38
MINE
REL: 0938 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
New Zealand Oil & Gas advises that at 11.30AM Sunday, 17 March (NZT), the
following operations had been completed at exploration well Parit Minyak-2
(PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia:
o Ran and cemented 9 5/8 inch casing at 6276 feet (1913m).
o Drilled 8 1/2 inch hole to 6384 feet (1945m)
o Cored 60 ft interval 6484 feet to 6444 feet (1976m to 1964m).
Current operation: Running in hole to recommence drilling at 6444 feet
(1964m).
New Zealand Oil & Gas Ltd has a 22.5% stake in the joint venture through the
share ownership of its subsidiary NZOG Asia Pty Ltd in Pacific Oil & Gas
(North Sumatera) Ltd.
The Kisaran Joint Venture partners are Pacific Oil & Gas (Kisaran) Ltd (55
per cent and operator) and Pacific Oil & Gas (Sumatera) Inc. (22.5 per cent).
For further information:
John Pagani, External Relations Manager.
M: +64 21 570 872
DDI: +64 4 495 2424
End CA:00234241 For:NZO Type:MINE Time:2013-03-18 09:38:37
Price at posting:
87.5¢ Sentiment: None Disclosure: Held
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