New Zealand Oil & Gas updates Indonesian ops

The following is an excerpt taken from Australian oil, gas firm New Zealand Oil & Gas quarterly report released on Tuesday. (ed)

Kisaran PSC (NZOG 22.5%)

Parit Minyak-2 well was spudded of on 11 February and reached total depth of 9225 feet (2812m) on April 2013.

The Parit Minyak-2 well will undergo a full post-drilling evaluation to determinate if further testing is warranted.

The drill site for the Parit Minyak-3 well is almost complete, with rig mobilisation to commence when PM-2 testing is complete. Success in either well provide the basis for a field development application

Bohorok PSC (NZOG 45%)

Progress continues on the 2013 work programme, which centres around the planning of a 2D seismic survey (with acquisition anticipated in Q1 2014). In combination with ongoing technical work, the seismic data will allow for the ranking of potential drilling targets. (end of excerpt