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- Release Date: 04/03/13 11:10
- Summary: MINE: NZO: Kisaran Exploration Well progress report, 4 March
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NZO
04/03/2013 09:10
MINE
REL: 0910 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well progress report, 4 March
New Zealand Oil & Gas advises that as at 2.00PM Sunday, 3 March (NZT), the
following operations were completed at exploration well Parit Minyak-2
(PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia:
o Casing set at 1809 ft (551 m) and successfully cemented.
o The well has been drilled to 4572 feet (1394m).
The well has an expected total depth of 9000 feet (2743M). The first of
several drilling targets is a Pliocene Fan at approximately 5772 feet
(1744M).
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).
End CA:00233709 For:NZO Type:MINE Time:2013-03-04 09:10:25
