NZOG: Kisaran PSC operations update
Monday, August 19 2013 - 12:56 AM WIB
(August 19, 2013) -- New Zealand Oil & Gas Ltd (NZOG) is pleased to provide the following update regarding the drilling of the Parit Minyak-3 (PM-3) located in the Kisaran PSC in onshore Sumatra, Indonesia spudded on 3 August.
The current operation is running 9 5/8 inch casing to 5072 feet (1546 metres). The next operation is to continue drilling to the proposed total depth of 8160 feet (2487m).
New Zealand Oil & Gas Ltd has a 22.5 per cent stake in the joint venture through its subsidiary NZOG Asia Pty Ltd. The Kisaran Joint Venture partners are Pacific Oil & Gas (55 per cent and Operator) and Pacific Oil & Gas (Sumatera) Ltd, a subsidiary of Bukit Energy Inc. (22.5 per cent). (ends)