MEO Australia: Seruway PSC operations update

Monday, October 29 2012 - 12:07 AM WIB

(29 October 2012) -- MEO Australia Limited advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig.

Since the last report, the 12?? hole was sidetracked from 2,099mMDRT to 2,681mMDRT. At 0200 hrs Jakarta time on 29th October the 9 5 /8? casing had been run to 1,478mMDRT.

The forward plan is to complete running and cementing the 9 5/8? casing prior to drilling out to the first objective the Baong sands.

Progress Summary
Progress since last report:

− Sidetracked from 2,048mMDRT to 2,681mMDRT
− Commenced running 9 5/8? casing Present Operation (at 0200hrs Jakarta time, 29th October)
− Running 9 5/8? casing at 1,478mMDRT

Outlook:
− Complete running and cementing 9 5/8? casing
− Drill and cut cores to approximately 3,374mMDRT (ends)

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