Capitalinc to drill Selulu-1 well in September

By Ruli Setiawan

IDX-listed Capitalinc Investment Tbk said that its subsidiary PT Cahaya Batu Raja Blok plans to drill the AK-2/Selulu-1 well in the Air Komering block, South Sumatra, in September of this year, a slight delay from the initial schedule of March.

?Land acquisition has been implemented, and to be followed with drilling site preparation,? Capitalinc said in a statement Wednesday. No further details were provided.

PSC of the Air Komering block, which is located in Ogan Komering Ulu Selatan Regency, was signed on December 12, 2004.

Editing by Reiner Simanjuntak