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- Release Date: 19/04/13 17:17
- Summary: MINE: NZO: Kisaran Exploration Well: Testing to Commence
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NZO
19/04/2013 15:17
MINE
REL: 1517 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well: Testing to Commence
Preparations are being made to begin flow testing at the Parit Minyak-2
(PM-2) exploration well, located in the Kisaran PSC in onshore Sumatra,
Indonesia.
Based on wireline logging results, up to four drill stem tests (DSTs) will be
conducted within a gross interval of 7700 to 9000 feet. Depending on the
types of fluids and rates of flow, this testing program could take 20-35
days.
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).
John Pagani
External Relations Manager
M: +64 21 570 872
End CA:00235378 For:NZO Type:MINE Time:2013-04-19 15:17:06
