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- Release Date: 04/06/13 10:55
- Summary: MINE: NZO: Flow testing continues at Kisaran
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NZO
04/06/2013 08:55
MINE
REL: 0855 HRS New Zealand Oil and Gas Limited
MINE: NZO: Flow testing continues at Kisaran
Flow testing is continuing at the Parit Minyak-2 (PM-2) exploration well,
located in the Kisaran PSC in onshore Sumatra, Indonesia.
Flow testing in the well began on 29 April. Three drill stem tests (DSTs)
have been conducted to date with a fourth underway. Test results have been
encouraging to date. Stimulation of one of the tested intervals is being
planned for sometime in the next month
The rig onsite is expected to be relocated to a second drill site at Parit
Minyak-3 before the end of June.
New Zealand Oil & Gas has a waiver from the NZX in relation to certain
disclosures about progress in testing because announcements can only be made
with approval from the Indonesian regulator.
A further announcement is anticipated when testing is complete.
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
(NorthSumatera) 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).
John Pagani
External Relations Manager
M: +64 21 570 872
End CA:00236995 For:NZO Type:MINE Time:2013-06-04 08:55:19
