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- Release Date: 08/04/13 10:50
- Summary: MINE: NZO: Kisaran Exploration Well weekly progress report
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NZO
08/04/2013 08:50
MINE
REL: 0850 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
New Zealand Oil & Gas advises that at 11:30AM Sunday, 2 April (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 Recovered 42.8 feet of core (8587-8630 feet)
o Drilled 8 1/2 inch hole to 8891 feet (2710m)
Current operation: Continue drilling to total depth.
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:00234959 For:NZO Type:MINE Time:2013-04-08 08:50:23
