Share
- Release Date: 12/08/13 13:51
- Summary: MINE: NZO: Kisaran Exploration Well weekly progress report
- Price Sensitive: No
- Download Document 963B
NZO
12/08/2013 11:51
MINE
REL: 1151 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
The Parit Minyak-3 (PM-3), located in the Kisaran PSC in onshore Sumatra,
Indonesia spudded on 3 August, and as of Sunday, 11 August a 17 1/2 inch hole
has been drilled to 1670 feet (509 metres).
The next operation is to continue drilling to 1795 feet (547m) to set 13 3/8
inch casing.
The PM-3 well is expected to take around 40 days to drill to an expected
total depth of 8160 feet (2487m).
New Zealand Oil & Gas Ltd has a 22.5 per cent stake in the joint venture
through its subsidiary NZOG Asia Pty Ltd. The Kisaran Joint Venture partners
are Pacific Oil & Gas (55 per cent and Operator) and Pacific Oil & Gas
(Sumatera) Ltd, a subsidiary of Bukit Energy Inc. (22.5 per cent).
John Pagani
External Relations Manager
M: +64 21 570 872
T: +64 4 471 833
End CA:00239541 For:NZO Type:MINE Time:2013-08-12 11:51:14
