AED reports exploration progress at S. Madura block
Tuesday, August 10 2010 - 01:12 AM WIB
The following is an excerpt from Australian firm AED Oil Ltd's report filed with the Australian Stock Exchange on exploration progress at S. Madura block.
Gigir East-1 Exploration Well, South Madura PSC
The drilling of the Gigir East-1 well is progressing according to the drilling plan. The 17 1/2? section has been drilled to a depth of 265.6m MDRT and 13 3/8? casing has been set. Preparation for drilling of the 12 ?″ section is underway.
Further updates will be made on a regular basis unless additional disclosure is required.
The South Madura Joint Venture consists of Cooper Energy (30% and Operator), AED (60%) and PT Eksindo South Madura (10%). (end of excerpt)