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- Release Date: 02/09/13 13:58
- Summary: MINE: NZO: Kisaran Exploration Well weekly progress report
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NZO
02/09/2013 11:58
MINE
REL: 1158 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
At the Parit Minyak-3 (PM-3) well, located in the Kisaran PSC in onshore
Sumatra, Indonesia, an 8 and a half inch hole had been drilled to a depth of
8520 feet (2598 metres), as of Sunday, 1 September.
The current operation is logging in the open-hole section from 5067 ft (1545
meters).
Following evaluation of this data, further decisions will be considered,
including casing, flow testing and drilling deeper.
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:00240534 For:NZO Type:MINE Time:2013-09-02 11:58:58
