premier oil half year results

extracts from premier half year report re Ca Rong Do

The C? Rồng ?ỏ discovery, appraised earlier this year, has recently moved into the development evaluation phase

In April, Premier appraised the exploration success at C? Rồng ?ỏ (CRD) in Block 07/03. Well CRD-2X
targeted Miocene sandstones and was deepened to evaluate previously untested Oligocene sandstones.
Two drill stem tests of hydrocarbon bearing sands in the Oligocene section were conducted. The first
zone tested flowed gas and condensate at rates of 9.7 million standard cubic feet per day (mmscfd) and
870 bopd respectively through a 40/64 inch choke. The second zone tested flowed gas and condensate
at rates of 17 mmscfd and 1,730 bopd respectively through a 56/64 inch choke. The well was sidetracked
to further evaluate the distribution of hydrocarbons in the Miocene sands. Commercial development of the
CRD accumulation is now under review along with further interpretation of the exploration potential of the
rest of Block 07/03.

I do like the first bit re development evaluation phase.
2nd bit is old news


this should help ppp sp along