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- Release Date: 11/03/13 11:20
- Summary: MINE: NZO: Kisaran Exploration Well weekly progress report
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NZO
11/03/2013 09:20
MINE
REL: 0920 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
New Zealand Oil & Gas advises that as at 2.00PM Sunday, 10 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 The well has been drilled to 6319 feet (1926 metres).
Current operation: Run and cement intermediate casing prior to drilling into
the objective section. The well is exploring several targets to a depth of
9000 ft (2743 m).
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).
For further information:
John Pagani, External Relations Manager.
M: +64 21 570 872
DDI: +64 4 495 2424
End CA:00233986 For:NZO Type:MINE Time:2013-03-11 09:20:08
