NZO
25/03/2013 09:27
MINE
REL: 0927 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
New Zealand Oil & Gas advises that at 2.00PM Sunday, 24 March (NZT), the
following operations had been completed at exploration well Parit Minyak-2
(PM-2), located in the Kisaran PSC in onshore Sumatra, Indonesia:
o Drilled 9 5/8 inch hole to 8199 feet (2499m)
Current operation: Waiting on equipment repair, then run in hole to
recommence drilling at 8199 feet (2499m).
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).
o A progress report issued on 18 March stated a 60 foot interval had been
cored from 6484 feet to 6444 feet. It should have read 6384 feet to 6444
feet.
End CA:00234491 For:NZO Type:MINE Time:2013-03-25 09:27:55
Price at posting:
85.0¢ Sentiment: None Disclosure: Held
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