Husky updates Indonesian ops

(The following is an edited excerpt from a Quarterly Report released by Canadian oil, gas firm Husky Energy on Thursday. Ed)

Madura Strait PSC, offshore East Java
The Indonesian government regulator has approved a gas sales price for the Madura Block and final gas sales amendments to existing agreements are expected to be completed later this year. Tendering of equipment and services for the BD field development is underway. A delineation well, MDA-4 is planned on the MDA field in the third quarter of 2011 and a further exploration well, MBH-1 is planned for the first quarter of 2012. First gas production from the Madura Block is expected in 2014.

North Sumbawa II PSC, offshore East Java
Husky currently holds a 100% working interest in the North Sumbawa II Exploration Block, comprised of 5,000 square kilometres in the East Java Sea, where interpretation of 1,020 kilometres of new 2-D seismic data has been completed and several leads have been identified. (end of excerpt)