NuEnergy to start drilling at Rengat PSC in H1
Monday, March 16 2015 - 05:08 AM WIB
ASX-listed NuEnergy Gas Limited said Monday it expected to commence drilling at Rengat PSC located in Central Sumatra during the first half of calendar year 2015.
The company said in a statement it is also focusing on drilling wells at the Rengat PSC, targeting the identified 15 meter coal seam revealed after extensive geological and geophysical work completed in 2013.
The recently completed investment agreement includes a provision for a farm-out of the Rengat PSC
NuEnergy has a 100 percent interest in Rengat PSC located in the Central Sumatra coal basin in the vicinity of a major gas pipeline from Jakarta to the Chevron Duri Steam Flood project and related infrastructure.
Editing by Reiner Simanjuntak