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- Release Date: 25/02/13 11:15
- Summary: MINE: NZO: Kisaran Exploration Well weekly progress report
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NZO
25/02/2013 09:15
MINE
REL: 0915 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
New Zealand Oil & Gas advises that as at 11.00AM Sunday 24 February (NZT),
the following operations were completed at exploration well Parit Minyak-2
(PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia:
The well has been drilled to 1809 feet (551m).
During most of the last week the drill was not operating while waiting on a
replacement gearbox for a mud pump.
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).
John Pagani
External Relations Manager
M: +64 21 570 872
End CA:00233387 For:NZO Type:MINE Time:2013-02-25 09:15:37
