QPN 27.3% 0.8¢ quest petroleum nl

In Indonesia PetroChina, which is the operator of and PETRONAS'...

  1. 12,328 Posts.
    lightbulb Created with Sketch. 669
    In Indonesia PetroChina, which is the operator of and PETRONAS' partner in the onshore Jabung Block in Sumatra, has made a gas discovery through the NEB Base-1 well. This discovery is significant as it confirms the presence of hydrocarbons in a new exploration play consisting of fractured granite in the block.

    PetroChina has drilled the NEB Base-1 well to a depth of 2,521 metres and intersected more than 976 metres of granitic basement of Pre-Tertiary age. The well has been temporarily suspended and planning for testing operations is in progress, including acidisation of the fractures to enhance hydrocarbon flow rates.

    PETRONAS holds 42.85 per cent equity in the Jabung Block. Overall, PETRONAS is present in seven blocks in Indonesia, where it operates three of the ventures. SKK Migas, the government authority managing the activities of Production Sharing contractors in Indonesia, has been supportive of the joint venture's exploration efforts in the block.
    (im not sure if this report has any sub basin relevance to us.this area is to the east of us)....
 
watchlist Created with Sketch. Add QPN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.