AWE updates E. Java basin activities
Thursday, April 30 2009 - 01:14 AM WIB
The following is an excerpt from Australian Worldwide Exploration Ltd (AWE) on East Java basin project, taken from the quarterly report ended March 31, 2009.
East Java Basin
Processing and interpretation of the Bulu 3D seismic survey is well advanced. At least one well is planned in the Bulu PSC starting in late 2009, as a follow-up to the oil shows encountered in the Lisah-1 well.
AWE has 42.5 percent interest in the Bulu PSC.
In the East Muriah PSC to the north of Bulu, a 2,000 kilometre 2D seismic survey is currently planned to start in mid year.
AWE holds a 50% interest in East Muriah with Pearl Oil (50% and operator)(end of excerpt)