Kalrez? well 50K-6 in Bula PSC flows oil

Australian oil explorer Kalrez Energy Limited announced on Thursday that its well 50K-6 in Bula PSC in Maluku flowed oil at a variable rate between 61 and 101 barrels of oil per day (BOPD) over test period and considered the potential of producing at 100 BOPD on completion.

Kalrez said that well completion had been finalized and the flow-line was being connected prior to commencement of production. Oil API gravity was 42.3 API.

Kalrez is the operator and 100 percent participant in Bula PSC. (robert)