Flow testing continues at Kisaran PSC
Tuesday, June 4 2013 - 02:27 AM WIB
ASX-listed New Zealand Oil & Gas Ltd said that flow testing is continuing at the Parit Minyak-2 (PM-2) exploration well, located in the Kisaran PSC, onshore Sumatra.
The company said in a statement that glow testing in the well began on 29 April. ?Three drill stem tests (DSTs) have been conducted to date with a fourth underway,? the statement received Tuesday said.
?Test results have been encouraging to date. Stimulation of one of the tested intervals is being planned for sometime in the next month. The rig onsite is expected to be relocated to a second drill site at Parit Minyak-3 before the end of June,? it added.
A further announcement is anticipated when testing is complete.
New Zealand Oil & Gas Ltd has a 22.5 percent stake in the joint venture through the share ownership of its subsidiary NZOG Asia Pty Ltd in Pacific Oil & Gas (North Sumatera) Ltd.
The Kisaran Joint Venture partners are Pacific Oil & Gas (Kisaran) Ltd (55% and operator) and Pacific Oil & Gas (Sumatera) Inc (22.5%).
Editing by Reiner Simanjuntak