Carnarvon updates Indonesian ops

The following is an excerpt taken from Quarterly Report of Australian oil, gas firm Carnarvon Petroleum published on Thursday (ed).

Rangkas PSC ? Onshore Indonesia
(Carnarvon Petroleum 25%, Tap Oil 24%, Lundin Petroleum 51% and Operator)

The Rangkas Block covers an area of 3,977 km2 and is located onshore West Java, southwest of Jakarta. Previous exploration seismic and drilling in the block, along with the presence of surface oil seeps, indicates the presence of an active petroleum system.

Recent reviews of the block, including seismic reprocessing, resulted in Carnarvon and its Joint Venture partners concluding that the previous wells were not valid tests of the prospectivity and that there is significant untested potential, including previously unrecognised deep targets analogous to proven production in adjacent blocks. A number of leads have been identified on the existing 20 seismic data and these will be the target of a 474 km seismic survey to be acquired in the second half of 2010.

During the quarter the seismic acquisition contractor commenced field operations with the construction of field, staging .and base camps, explosives bunkers, water storage pits and road works. During July the community liaison program continued and line surveying commenced. Seismic acquisition is expected to commence in mid-August and continue until late October. (end of excerpt)