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- Release Date: 08/10/13 10:30
- Summary: MINE: NZO: Kisaran Exploration Well weekly update
- Price Sensitive: No
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NZO
08/10/2013 08:30
MINE
REL: 0830 HRS New Zealand Oil and Gas Limited
MINE: NZO: Kisaran Exploration Well weekly update
The first open hole Drill Stem Test (DST) has been completed over a gross
interval of 246 feet in the Parit Minyak-3 (PM-3) well located in the Kisaran
PSC in onshore Sumatra, Indonesia.
NZ Oil & Gas is currently waiting for regulatory approval to release testing
results.
Preparations are being made for a second DST in cased hole over a gross
interval of 62 feet. Depending on the types of fluids and rates of flow, this
testing program could take 15-20 days.
The well has been drilled to a total depth (TD) of 8760 feet (2670 metres).
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:00242079 For:NZO Type:MINE Time:2013-10-08 08:30:04
