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- Release Date: 10/09/13 10:30
- Summary: MINE: NZO: Kisaran Exploration Well weekly progress report
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NZO
10/09/2013 08:30
MINE
REL: 0830 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly progress report
At Sunday, 8 September, seven inch casing had been run and cemented at the
Parit Minyak-3 (PM-3) well, located in the Kisaran PSC in onshore Sumatra,
Indonesia.
The well has been drilled to a depth of 8520 feet (2598 metres).
Open hole logs were run to depth, however subsequent formation pressure data
gathering was hindered by degrading hole conditions. Initial log analysis
supports deepening the well.
Current operation is casing off the open hole section with 7" casing, before
drilling to 9000 feet (2744 metres) using a 5 7/8" inch bit.
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
End CA:00240911 For:NZO Type:MINE Time:2013-09-10 08:30:09
