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- Release Date: 30/04/13 13:55
- Summary: MINE: NZO: Flow Testing begins at Kisaran
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NZO
30/04/2013 11:55
MINE
REL: 1155 HRS New Zealand Oil and Gas Limited
MINE: NZO: Flow Testing begins at Kisaran
Flow testing has begun at the Parit Minyak-2 (PM-2) exploration well, located
in the Kisaran PSC in onshore Sumatra, Indonesia.
An announcement was made previously that a decision had been taken to conduct
up to four drill stem tests (DSTs) within a gross interval of 7700 to 9000
feet, based on wireline logging results.
Depending on the types of fluids and rates of flow this testing program could
take 20 to 35 days.
Further announcement about progress in testing will be made when approved by
the Indonesian regulator.
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).
Ends.
John Pagani
External Relations Manager
M: +64 21 570 872
End CA:00235660 For:NZO Type:MINE Time:2013-04-30 11:55:54
