AED plans drilling at Papua exploration block
Wednesday, October 10 2012 - 02:38 AM WIB
By Demas Simbolon
Australian junior exploration firm AED Oil Ltd, plans to drill one well in Rombebai PSC exploration block onshore Papua.
According to the tender announcement posted Tuesday, the company plans to conduct drilling in the second quarter of 2013.
AED, which is currently under administration after its Singapore subsidiary lost in an arbitration court in August 2011 and was ordered to pay US$72 million, has 100 percent working interest in the block.
The company had been given one-year extension until July 2013 to conduct drilling in the block.
By Dadan Wijaksana